October 26, 2014
CARSON CITY, Nev. (AP) - Nevada Supreme Court justices hear arguments on whether a business tax proposal pushed by the teachers union meets legal muster.
Wednesday's arguments come after backers of the Education Initiative turned in nearly 150,000 signatures - more than twice the amount needed - to send the proposal to state lawmakers in February, or more likely to voters in 2014.
But a lower court judge in October ruled the petition was invalid because the description of what it would do was flawed.
The proposal would impose a 2 percent margin tax on businesses making $1 million or more. Supporters say it would provide as much as $800 million a year for schools.
A business group argues the petition is deceptive because it doesn't guarantee more funding for education.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.