Overview
Nevada's Modified Business Tax (MBT) is calculated on wages paid to employees. The Department of Taxation lists the current rates and says all employers must file a return even when no tax is due.
What has changed?
General businesses: 1.378%.
General businesses: 1.17%; the first $50,000 of wages remains non-taxable under NRS 363B.110. Financial institutions: 1.554% on wages after health benefit deductions, with no wage exemption. Mining businesses are taxed at the 1.554% rate under SB 483 (78th Legislative Session) and file a separate MBT-Mining return. All returns are filed quarterly.
Who is affected?
Nevada employers. Financial institutions and mining businesses are taxed at a different rate of 1.554%.
When does it take effect?
Effective July 1, 2023. The Department's MBT page also carries the headline “Modified Business Tax Wage Comparison Resumes January 1, 2026!”; consult the Department's linked notice for details.
What this means for you
- Nevada employers must file a quarterly MBT return even in quarters with no tax due.
- The $50,000 quarterly exemption applies to general businesses; it does not apply to financial institutions.
Recommended next steps
- Confirm the rate category that applies to your business.
- Check the Department's current return versions before filing.
- Read the Department's wage-comparison notice if you have multiple employers or related entities.
General educational guidance, not tax advice. Schedule a consultation to discuss your situation.
Important dates
- July 1, 20231.17% general-business rate effective
- January 1, 2026Wage comparison resumes (per Department headline; see notice for details)