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Posted: 4:09 PM Jan 16, 2010
Group Seeks to Raise Mining Taxes in NV
Nevada's mining industry would face higher taxes under an initiative petition a group plans to file Tuesday with the secretary of state.
Reporter: Associated PressEmail Address: news@kolotv.com |
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2 Comments 
CARSON CITY, Nev. (AP) - Nevada's mining industry would face higher taxes under an initiative petition a group plans to file Tuesday with the secretary of state.
The Progressive Leadership Alliance of Nevada is seeking voter approval of a minimum tax of 5 percent on mining companies' gross
revenue.
The petition also would change the state constitutional requirement that limits mining taxes to 5 percent of a mining companies' "net" proceeds, or what is left after they deduct most of their expenses.
The group needs to secure 97,002 valid signatures by Aug. 4 to put the proposal before voters in the November election.
Nevada Mining Association President Tim Crowley issued a statement saying his group would oppose the petition.
Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Latest Comments
Not just mining taxes should go up..EVERY business should be the same. Whats good for one is certainly good for the other. But on one hand you have a bunch of greedy people that feel that only one type of business should give all of the losers in Nevada a free ride. Give it up people there is NO free ride! One would think that that lesson would have been learned after looking at the mess the state of Nevada is in. And now you want to charge someone else unfairly and use all of that money up too! Losers!
I think you should tax all groups with word Democrat or Progressive in their name or charter. After all, they are responsible for the overwhelming amount of spending.
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