Albatross · Data Catalog

Nevada

NV · state · 9 cited facts

CategoryProvisionValueSource
estate-noneEstate and inheritance taxNone
sources (1)
NRS 375A.100 · medium confidence · as of 2026-07-02 · TY 2025
NV estate tax is a pickup equal to the federal state death tax credit, zero since the federal credit's repeal
A tax is hereby imposed on the transfer of the taxable estate of a: 1. Resident decedent in the amount of the maximum credit allowable against the federal estate tax for the payment of state death taxes
Note: Quote proves the pickup structure; the zero-liability conclusion also requires the federal fact that IRC 2011's credit was eliminated for deaths after 2004. Nev. Const. art. 10 sec 4 caps any death tax at the federal credit.
https://www.leg.state.nv.us/NRS/NRS-375A.html
no-taxCapital gains taxNone Nevada Constitution bars a personal income tax
sources (1)
Nev. Const. art. 10, §1(9) · high confidence · as of 2026-07-03 · TY 2025
Nevada Constitution prohibits a general income tax on natural persons
No income tax shall be levied upon the wages or personal income of natural persons. Notwithstanding the foregoing provision, and except as otherwise provided in subsection 1 of this Section, taxes may be levied upon the income or revenue of any business in whatever form it may be conducted for profit in the State.
Note: Nevada Constitution, Article 10, Section 1, paragraph 9 bars an income tax on the wages or personal income of natural persons; business income may still be taxed.
https://www.leg.state.nv.us/const/nvconst.html
muni-instateIn-state muni bond interestExempt: no Nevada state income tax
sources (1)
Nev. Const. art. 10, §1(9) · high confidence · as of 2026-07-03 · TY 2025
Nevada Constitution prohibits a general income tax on natural persons
No income tax shall be levied upon the wages or personal income of natural persons. Notwithstanding the foregoing provision, and except as otherwise provided in subsection 1 of this Section, taxes may be levied upon the income or revenue of any business in whatever form it may be conducted for profit in the State.
Note: Nevada Constitution, Article 10, Section 1, paragraph 9 bars an income tax on the wages or personal income of natural persons; business income may still be taxed.
https://www.leg.state.nv.us/const/nvconst.html
muni-outstateOut-of-state muni bond interestExempt: no Nevada state income tax
sources (1)
Nev. Const. art. 10, §1(9) · high confidence · as of 2026-07-03 · TY 2025
Nevada Constitution prohibits a general income tax on natural persons
No income tax shall be levied upon the wages or personal income of natural persons. Notwithstanding the foregoing provision, and except as otherwise provided in subsection 1 of this Section, taxes may be levied upon the income or revenue of any business in whatever form it may be conducted for profit in the State.
Note: Nevada Constitution, Article 10, Section 1, paragraph 9 bars an income tax on the wages or personal income of natural persons; business income may still be taxed.
https://www.leg.state.nv.us/const/nvconst.html
agency-obligationsGSE bond interest (FNMA/FHLMC)Exempt: no Nevada state income tax
sources (1)
Nev. Const. art. 10, §1(9) · high confidence · as of 2026-07-03 · TY 2025
Nevada Constitution prohibits a general income tax on natural persons
No income tax shall be levied upon the wages or personal income of natural persons. Notwithstanding the foregoing provision, and except as otherwise provided in subsection 1 of this Section, taxes may be levied upon the income or revenue of any business in whatever form it may be conducted for profit in the State.
Note: Nevada Constitution, Article 10, Section 1, paragraph 9 bars an income tax on the wages or personal income of natural persons; business income may still be taxed.
https://www.leg.state.nv.us/const/nvconst.html
dividend-qualifiedQualified dividend incomeMoot: no Nevada state income tax
sources (1)
Nev. Const. art. 10, §1(9) · high confidence · as of 2026-07-03 · TY 2025
Nevada Constitution prohibits a general income tax on natural persons
No income tax shall be levied upon the wages or personal income of natural persons. Notwithstanding the foregoing provision, and except as otherwise provided in subsection 1 of this Section, taxes may be levied upon the income or revenue of any business in whatever form it may be conducted for profit in the State.
Note: Nevada Constitution, Article 10, Section 1, paragraph 9 bars an income tax on the wages or personal income of natural persons; business income may still be taxed.
https://www.leg.state.nv.us/const/nvconst.html
treasuryU.S. Treasury interestExempt: no Nevada state income tax
sources (1)
Nev. Const. art. 10, §1(9) · high confidence · as of 2026-07-03 · TY 2025
Nevada Constitution prohibits a general income tax on natural persons
No income tax shall be levied upon the wages or personal income of natural persons. Notwithstanding the foregoing provision, and except as otherwise provided in subsection 1 of this Section, taxes may be levied upon the income or revenue of any business in whatever form it may be conducted for profit in the State.
Note: Nevada Constitution, Article 10, Section 1, paragraph 9 bars an income tax on the wages or personal income of natural persons; business income may still be taxed.
https://www.leg.state.nv.us/const/nvconst.html
fhlb-ffcbFHLB and FFCB bond interestExempt: no Nevada state income tax
sources (1)
Nev. Const. art. 10, §1(9) · high confidence · as of 2026-07-03 · TY 2025
Nevada Constitution prohibits a general income tax on natural persons
No income tax shall be levied upon the wages or personal income of natural persons. Notwithstanding the foregoing provision, and except as otherwise provided in subsection 1 of this Section, taxes may be levied upon the income or revenue of any business in whatever form it may be conducted for profit in the State.
Note: Nevada Constitution, Article 10, Section 1, paragraph 9 bars an income tax on the wages or personal income of natural persons; business income may still be taxed.
https://www.leg.state.nv.us/const/nvconst.html
community-propertyCommunity property stateCommunity property state: property acquired after marriage is community property (NRS 123.220); Nevada has no state income tax, so community property classification primarily affects federal filing and estate planning
sources (1)
NRS 123.220 · high confidence · as of 2026-06-21 · TY 2025
Nevada is a community property state: all property acquired after marriage is community property (NRS 123.220)
Except as otherwise provided in NRS 123.030 and in cases where separate property is set aside out of the community property for the support of a party or dependent children pursuant to NRS 123.121 and 125.150, all property, other than that stated in NRS 123.130, acquired after marriage by either husband or wife, or both, is community property unless: 1. Acquired by gift, bequest, devise or descent; 2. Acquired with the separate property of either spouse.
Note: Nevada is a community property state with no state income tax. Community property classification affects federal income tax filing (each spouse reports one-half of community income) and estate planning. NRS 123.220 is the primary community property statute. Nevada also allows community property with right of survivorship (NRS 111.064).
https://www.leg.state.nv.us/NRS/NRS-123.html#NRS123Sec220