No business income tax. Personal income tax is prohibited by Nevada’s Constitution. Article 10 (1)(9) No estate tax. No franchise tax. No gift tax. No inventory tax. No tax on corporate shares. Property tax increases are limited by statute NRS 361.453, and Nevada’s Constitution  Article 10 (2) Nevada’s Constitution requires a legislative “Super-Majority” to increase any taxes or fees. Article 4 (18)(2)

Source: http://www.leg.state.nv.us/