November 28, 2014
CARSON CITY, Nev. (AP) - The Nevada Tax Commission has rejected
Southern California Edison's bid for a $70.2 million rebate of sales taxes paid on out-of-state coal slurry purchased for its now-closed Laughlin power plant.
Commissioners disallowed the refund that the panel had approved in 2005. The commission voided the approval last year after the state Supreme Court ruled that the 2005 decision, made behind closed doors, violated Nevada's open meeting law.
Anthony Smith, Edison's consulting tax adviser, said the company will most likely file a court appeal.
The utility had sought $70.2 million, including $50.8 million in refund money plus $19.4 million in interest. The $50.8 million was based on Clark County's sales tax rate applied to the company's coal purchases between March 1998 and March 2005.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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