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Tax on businesses would support NV public education

By   /   June 5, 2012  /   No Comments

By Sean Whaley | Nevada News Bureau

A proposal for a business tax must be filed with the Secretary of State’s Office on Wednesday.

CARSON CITY — A proposal seeking to implement a Texas-style business margins tax in Nevada to support public education will be filed with the Secretary of State’s Office on Wednesday.

Supported by the state teachers’ union and the AFL-CIO, if the groups can collect 72,352 signatures by Nov. 13, the issue of taxes will be dumped in the laps of lawmakers in 2013.

“Basically it is a 2 percent tax on a business entity’s taxable margin for that year,” said Lynn Warne, president of the Nevada State Education Association.

Read the full story at the Nevada News Bureau

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