Reno Tax Landscape Encourages Growth and Opportunity
Law360 Tax Authority, June 1, 2018
Reno, Nevada, calls itself the “Biggest Little City in the World.” For many years, Reno was viewed as a blue-collar gambling town tucked into the base of the eastern Sierra Nevada mountains. Today, many are discovering that Reno is one of the best kept secrets in the western United States. With a booming economy, low taxes, several of the highest ranked public schools in the state, a temperate four season climate, plentiful outdoor recreation opportunities, and a four hour drive from Silicon Valley, it’s no surprise that companies like Microsoft, Tesla, Apple and Amazon have expanded and relocated operations to the area. Startups and incubators are popping up and attracting more millennials. Transplants are relocating to the area to take advantage of these benefits and escape the high cost of living in states like California. If you visit downtown Reno today, the growth and opportunity feel very similar to the early days in Silicon Valley; the biggest difference is the tax landscape.
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