Nevada Business Tax Initiative Rejected, Sponsors to Revise

By: Michelle Rindels, Associated Press Email
By: Michelle Rindels, Associated Press Email
A two percent margins tax on businesses that gross more than $1M annually in order to help fund K-12 education is struck down by a judge.

Nevada education budget meeting

LAS VEGAS (AP) - Labor and teacher groups say they plan to re-file a Nevada business tax initiative by the end of the week after a judge ruled it didn't meet requirements.

Gary Peck of the Nevada State Education Association says Monday that sponsors were heartened the judge only objected to one portion of the measure, and says that segment will be removed.

District Judge James Wilson says the proposal deals with too many topics because it seeks to impose a tax supporting education and also mandate that certain taxpayer information be made public.

The measure backed by the teachers group and Nevada AFL-CIO seeks a 2 percent margins tax on some businesses to increase funding for K-12 education.

A business group called the Committee to Protect Nevada Jobs argued the measure was misleading.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 165225866 -
Gray Television, Inc.