October 25, 2014
CARSON CITY, Nev. (AP) - Lawmakers are making short work of a late-session measure to settle a decade-long dispute and cement a $233 million settlement over taxation of free meals provided by casinos to patrons and employees.
The Senate Committee on Revenue and Economic Development and met jointly Saturday the Assembly Taxation Committee Saturday to hear AB506.
The bill was passed after a brief hearing and sent to the full Assembly.
The measure sets in statute an agreement approved Tuesday by the Nevada Tax Commission.
The issue has been winding through the courts since 2003, when a Sparks casino sued, arguing it shouldn't be required to pay the tax on comped meals. Courts have issued conflicting opinions on the issue, which is worth millions to casinos and state government.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.