A study by the Tax Foundation has ranked which states have the best tax environment for business -- and which ones don't.
Nevada ranks third best in the study, because it has no corporate and income taxes either.
Property taxes are also low, with the effective rate at only 3.53%.
Nevada doesn't score too well on sales taxes, though. At 6.85%, its rate is one of the highest in the nation.
Its handling of unemployment insurance taxes is a mixed bag. Businesses are promised lower costs, because the state keeps its maximum unemployment insurance rate at 5.4%, which is lower than elsewhere. But unlike other states, employers are limited in the exemptions they can claim to avoid paying it.