1. Personal property in transit through this state is personal property, goods, wares, and merchandise.

A. Which is moving in interstate commerce through or over the territory of the State of Nevada: or

B. Which was consigned to a warehouse, public or private, within the State of Nevada from outside the State of Nevada for storage in transit to a final destination outside the State of Nevada, whether specified when transportation begins or afterwards.

Such property is deemed to have acquired no situs in Nevada for purposes of taxation. Such property shall not be deprived of exemption because while in the warehouse the property is assembled, bound, joined,, processed, disassembled, divided, cut, broken in bulk, relabeled or packaged, or because the property is being held for resale to customers outside the State of Nevada. The exemption granted shall be liberally construed to effect the purpose of NRS 361, 160 to 361, 185, inclusive.

TAXES

Nevada's tax structure is one of the most liberal in the United States

NO

FRANCHISE
CORPORATE
FRANCHISE ON INCOME
PERSONAL INCOME
SPECIAL INTANGIBLE
CAPITAL
CHAIN STORE
ADMISSIONS
STOCK TRANSFER AND DOCUMENT RECORDING
INHERITANCE, ESTATE AND/OR GIFT

WAREHOUSING (Inventory) Tax

NONE. Increasing use is being made of Nevada's liberal Free Port Law, which exempts from State taxation personal property (including livestock) in transit through the State while it is being stored, assembled, processed, etc. The law, part of the State Constitution, has result in rapid growth of warehousing, distributing, marketing, showroom, convention, tradeshow, and merchandising mart industries.

NEVADA - THE #1 TAX FREE STATE

• NO CORPORATE TAX
• NO FRANCHISE TAX
• NO UNITARY TAX
• NO FRANCHISE TAX ON YOUR INCOME
• NO PERSONAL INCOME TAX
• NO SPECIAL INTANGIBLE TAX
• NO CAPITAL STOCK TAX
• NO INHERITANCE TAX
• NO ESTATE TAX
• NO GIFT TAX
• NO INVENTORY TAX