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The Modified Business Tax (MBT) was established in Senate Bill 8 of the 20th Special Session in 2003 beginning in FY 2004 with an October 1, 2003, effective date. The MBT is actually two separate taxes: one on financial businesses, known as the MBT-FI, and one on non-financial businesses, known as the MBT-NFI.

Financial institutions and mining companies pay a slightly higher MBT, at 1.554%. The Modified Business Tax (MBT) is an essential tax for companies in the State of Nevada. It is a gross receipts tax that applies to all businesses operating within the state and must be paid annually.

If you wish to register by mail or come into the office. The Modified Business Tax is registered by submitting your registration to the Department of Training and Rehabilitation (DETR). If you are required to be registered for Unemployment Insurance DETR will contact the Department of Taxation with your information.

This is the standard quarterly return for reporting the Modified Business Tax for General Businesses. Effective July 1, 2023 the tax rate changes to 1.17% from 1.378%. There are no changes to the threshold of the sum of all taxable wages after deductions, currently at $50,000, or the Commerce Tax credit.

To get your Nevada Account Number and MBT Account Number, register online with the Nevada Department of Employment, Training and Rehabilitation (DETR). Once you complete registration, you will receive your nine-digit (X. XX) Nevada Account Number and your ten-digit (10XX) MBT Account Number.

The MBT is a gross receipts tax, meaning it applies to a business's total income each year. It applies to all companies in Nevada regardless of the type of business they operate or their size. The rate of the MBT is 1.17% on all taxable revenue and must be paid annually.