Election 2026

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Checked against the record · Nevada Governor 2026

Did Joe Lombardo lower Nevada's Modified Business Tax rate by 15%?

Record does not bear out the claim. The rate fell about 15% in July 2023, but automatically under a 2015 law, on a finding made before he took office; no bill he signed changed it.

Joseph Lombardo

Cutting the Modified Business Tax

Record does not bear out the claim

What they say

His campaign says he lowered the Modified Business Tax rate by 15%.

“lowered the Modified Business Tax rate by 15%”

What the record shows ·

The rate did fall about 15%, from 1.378% to 1.17%, on July 1, 2023. But a 2015 state law cut it automatically because tax collections ran high. The Department of Taxation made that finding on September 30, 2022, before he took office.

Limit: The cut took effect in his first year as governor. We found no bill he signed that changed the rate.

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Sources3 source records

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  1. Delivering Results for Nevadahttps://www.joelombardofornv.com/results

    Lombardo for Governor · Reviewed Sep 23, 2026

    The campaign's list of what it says he has done as governor.

    candidate statement

    For: Did Joe Lombardo lower Nevada's Modified Business Tax rate by 15%?

  2. Revenue Reference Manual, 2025 (document)

    Legislative Counsel Bureau, Fiscal Analysis Division · Reviewed Sep 23, 2026

    Explains that the Department of Taxation's September 30, 2022 finding triggered the 2015 law (SB 483, NRS 360.203) that cut the Modified Business Tax rate on July 1, 2023. Dated January 2025.

    official legislative record

    For: Did Joe Lombardo lower Nevada's Modified Business Tax rate by 15%?

  3. Modified Business Taxhttps://tax.nv.gov/tax-types/modified-business-tax/

    Nevada Department of Taxation · Reviewed Sep 23, 2026

    Rate history: 1.378% cut to 1.17% on July 1, 2023.

    official office record

    For: Did Joe Lombardo lower Nevada's Modified Business Tax rate by 15%?