And in part it 's because Nevada 's business climate is a supply-sider 's no corporate income tax , no personal income tax , no local earnings tax , no inventory tax , no capital-stock tax , no franchise tax , no admissions tax , no inheritance tax , low property tax , and a right-to-work state .
Nevada 's corporate laws make it an attractive place to incorporate , due in part to no corporate income tax , no capital-stock tax , no franchise tax , and no admissions tax .