Post by Logan on May 3, 2016 11:02:21 GMT -6
Justices hear proposed ballot measure to repeal state business tax
CARSON CITY — Nevada Supreme Court justices asked pointed questions Monday on whether an effort to repeal the state’s new business tax is legally sound to proceed in the signature gathering process.
Attorneys for a business coalition that supports the commerce tax passed by the 2015 Legislature and signed by Gov. Brian Sandoval are trying to keep the repeal referendum from making it to the November general election ballot.
But a group called RIP Commerce Tax led by state Controller Ron Knecht argues the tax imposed on businesses with $4 million or more in annual Nevada revenue should be left to voters to decide.
The commerce tax, estimated to generate $60 million in annual revenue for the state budget, was part of a $1.5 billion package of new and extended taxes enacted largely to fund the governor’s ambitious public education agenda.
Read more: www.reviewjournal.com/politics/elections/justices-hear-proposed-ballot-measure-repeal-state-business-tax
CARSON CITY — Nevada Supreme Court justices asked pointed questions Monday on whether an effort to repeal the state’s new business tax is legally sound to proceed in the signature gathering process.
Attorneys for a business coalition that supports the commerce tax passed by the 2015 Legislature and signed by Gov. Brian Sandoval are trying to keep the repeal referendum from making it to the November general election ballot.
But a group called RIP Commerce Tax led by state Controller Ron Knecht argues the tax imposed on businesses with $4 million or more in annual Nevada revenue should be left to voters to decide.
The commerce tax, estimated to generate $60 million in annual revenue for the state budget, was part of a $1.5 billion package of new and extended taxes enacted largely to fund the governor’s ambitious public education agenda.
Read more: www.reviewjournal.com/politics/elections/justices-hear-proposed-ballot-measure-repeal-state-business-tax