Lawmakers Approve Tax Bills

CARSON CITY, Nev. (AP) - At the end of a legislative session
marked by a historic drop in revenue, Nevada lawmakers approved two
bills early Tuesday that could pave the way for new taxes in the
future.

State coffers suffered everywhere, but Nevada's problems were
more acute because the state has historically low taxes on
business, no personal income tax and the economy is dependent on
tourism and gambling, industries where earnings dropped month after
month.

Throughout the 2009 legislative session, lawmakers struggled to
deal with a 44 percent drop in revenue, and in the end passed a
$6.8 billion, two-year state budget and $1 billion in tax
increases, including a $781 million tax package and a room tax
increase projected to generate about $220 million over two years.

At the end of the session, Senate Majority Leader Steven
Horsford, D-North Las Vegas, introduced legislation to create a
study between now and the 2011 session that would explore which
broad-based taxes would be right for the state, and to start
setting the stage for those changes.


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