While continuing to collect massive corporate welfare from the Golden State, Tesla and its CEO Elon Musk can look forward to a business environment in Nevada with zero corporate income tax, zero individual income tax, plus lower sales and property taxes. Nevada is ranked 3rd best in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property.