Tax Abatements vs Tax Credits: An Explainer
July 30, 2026
Nevada has used tax abatements and tax credits to diversify and expand its economy, incentivizing the growth of new and existing businesses in the state. Moreover, tax abatements and credits can be used to provide property tax relief or to incentivize the advancement of the state's policy objectives, such as the use of recycled materials or the development of renewable energy facilities.
This explainer clarifies the difference between tax abatements and tax credits, explores the timeline of significant legislation on the subject, outlines the types of tax abatements and credits created in the Nevada Revised Statutes, and assesses these impacts in fiscal years 2023 and 2024.
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