Modified Business Tax (MBT)
The Modified Business Tax (MBT) in Nevada is a payroll tax imposed on businesses operating within the state.
About Nevada Modified Business Tax (MBT)
Every employer who is subject to Nevada Unemployment Compensation Law (NRS 612) is also subject to the Modified Business Tax on total gross wages less employee health care benefits paid by the employer.
Total gross wages: The total amount of all gross wages and reported tips paid for a calendar quarter as reported to the Employment Security Division on form NUCS 4072.
Exceptions:
- Non-profit organizations
- Indian Tribes
- Political subdivisions
- Employers with household employees only
MBT Tax Forms
Modified Business Tax Return - General Businesses - July 1, 2023 through Current:
PDF || XLSX
- Who Should Use It? Any business that does not fall into the specific categories of financial institutions or mining businesses. This is the standard form used by the majority of businesses, including Retailers, Service Providers, and Manufacturers.
- Filing Frequency: General businesses must file this return quarterly.
- Prior Periods:See the full list of returns provided on the Forms page under Modified Business Tax Forms
Modified Business Tax Return - Financial Institutions - July 1, 2023 through Current:
PDF || XLSX
- Who Should Use It: Any financial institution primarily engaged in financial transactions and services as defined under Nevada law, including Banks, Credit Unions and Trust Companies.
- Filing Frequency: Financial institutions are required to file this tax return every quarter.
- Prior Periods:See the full list of returns provided on the Forms page under Modified Business Tax Forms
Modified Business Tax Return - Mining Businesses - July 1, 2023 through Current:
PDF || XLSX
- Who Should Use It? Businesses involved in the extraction of minerals and other geological materials, including Mining Operators and Quarries. This form is tailored to the unique aspects of the mining industry, which often has significant labor and operational costs.
- Filing Frequency: Mining businesses are required to file their tax returns quarterly.
- Prior Periods:See the full list of returns provided on the Forms page under Modified Business Tax Forms
MBT Tax Rate
Current rates effective July 1, 2023:
- General Business Modified Business Tax: Tax rate for most General Business employers reduced to 1.17% from 1.378%.The first $50,000 of wages remains non-taxable under NRS 363B.110. All employers must file a tax return regardless of tax due.
- Financial Institution Modified Business Tax: Tax rate for financial institutions is set at 1.554% on wages after health benefit deductions. No wage exemption provided; tax applies to all wages at the 1.554% rate less deductions.
SB 483 of the 78th Legislative Session included Taxpayers who are subject to the Net Proceeds of Minerals Tax, NRS 362.100 to 362.240, in the definition of Financial Institutions and therefore liable for the tax at the 1.554% rate. A new Modified Business Tax Return, MBT-Mining has been developed for this reporting purpose.
Additional Information
