Why Henderson is the Las Vegas Valley Address for Success

LESS TAXING
Nevada's tax environment (including corporate or personal income tax) makes it continually one of the most-business friendly states in the nation.

LOCATION
Henderson is becoming a hub for business in the Southwest, conveniently located between five major markets (Los Angeles, Phoenix, Salt Lake City, San Diego and San Francisco).

LIFESTYLE
Known for its master-planned communities and high-quality of living, Henderson leads Nevada cities in income per capita and education levels of its residents. It was also named one of America's Safest Cities by Money magazine. Henderson is just 15 minutes from the Las Vegas Strip and 10 minutes from McCarran International Airport, the nation’s seventh busiest airport.

LABOR MARKET
Henderson has been at the front of Nevada's growth spurt, growing from just 60,000 to more than 270,000 today. By the end of the year 2025, nearly 400,000 residents are expected to call Henderson home. Henderson's population would qualify it as the 14th largest city in the state of California, larger than such cities as Irvine, Glendale and San Bernardino.

Taxes and Incentives

Doing business in Henderson is less taxing

With one of the lowest city property tax rates in the region and no state income tax, many new residents and businesses choose to relocate to Henderson each year.

The 2014 Kosmont-Rose Cost of Doing Business Survey rated Henderson as a “Very Low Cost City.” The survey looks at six types of taxes including business license levies, property tax, sales tax and utility use taxes for more than 300 cities nationwide.

The State Business Tax Climate Index for FY 2015, released by The Tax Foundation, ranked Nevada third among the top 10 states with the most business-friendly tax systems, http://taxfoundation.org/article/2015-state-business-tax-climate-index.

“No” is a good word when it comes to taxes

The City of Henderson and/or the State of Nevada has none of the following taxes:

No Taxes:

  • Personal Income (1)
  • Franchise
  • Bank Excise Measured by Income
  • Special Intangible
  • Admissions
  • Sales Tax on Food
  • Bank Share Tax (2)
  • Chain Store
  • Inheritance

Note:  (1) In 1990, the voters of Nevada approved a constitutional amendment to prohibit the imposition of a personal income tax. (2) In 1986, voters of Nevada approved the repeal of the constitutional provision which provided for a bank share tax.  Source: Nevada Taxpayers Association  (3) Nevada now has a Commerce Tax imposed on business entities whose Nevada gross income in a taxable year exceeds $4million, the rates vary depending upon the industry   Source:  2015 Nevada Legislation

Need more incentives?

Incentive programs are available for select companies to provide further “start-up” savings.  The City of Henderson’s Economic Development/Redevelopment Division representatives can help you identify if any of these programs may be available for your company.

Nevada Governor’s Office of Economic Development Programs

Nevada Film Tax Credit Program

Redevelopment Programs

  • Developer Assistance – The Henderson Redevelopment Agency provides tailored financial assistance to development projects that are aligned with our objectives
  • Facade Grants
  • Tenant Improvement Grants
  • Sign Grants

Henderson Public Improvement Trust

Consider tax exempt bond financing for your capital intensive projects through the Henderson Public Improvement Trust.

Workers Compensation rates for the State of Nevada are drastically less than of those in California.

Global exposure! Because of the major market/trade shows in Las Vegas, a Henderson location provides business leaders the opportunity to meet with and service customers frequently and conveniently.

Henderson’s easy access to McCarran International Airport (located just five minutes via freeway from Henderson) gives you access to low cost air rates (because of the popularity of Las Vegas) as well as superior flight availability.

As the business hub of the Southwest (Henderson is approximately a 40-minute flight or a four-hour drive from Los Angeles. It can be reached, by air, from Phoenix, Salt Lake City and San Diego in under an hour and from San Francisco in less than two), Henderson allows access to major business markets. Nearly 60 million people live in the states surrounding Henderson.

Businesses located in the Las Vegas valley enjoy tremendous shipping advantages. Many trucks come in to serve the hospitality market in Las Vegas and leave empty to return to their destination. Thus, shipping out of the Henderson/Las Vegas market is affordable.

The City of Henderson’s Development Services Center is a multi-department development review team. For the convenience of our customers, we bring together employees from seven city departments into a coordinated plan review, inspection, and permit operation. For more information on how this service can assist you and your company, visit http://www.cityofhenderson.com/development_services_center/index.php.

Henderson has the lowest property tax rates among major incorporated cities in the state of Nevada. The following are the overlapping property tax rates for incorporated Nevada cities (100,000-plus population) for the fiscal year 2014-15: Henderson ($2.8968), Las Vegas ($3.2782), North Las Vegas ($3.3544) and Reno ($3.6600). Source: Nevada Department of Taxation, Property Rates for Nevada Local Governments – Fiscal Year 2014-15. Note: Total property tax rate shown is highest rate for entity.