Back to: Government
March 15, 2013
Follow Government

Margins tax proposal will fade onto 2014 ballot

(AP) — Not many Nevada lawmakers like the margins tax proposal spearheaded by the state teachers’ union to raise money for education. Friday is the deadline for legislators to approve it — or send it to voters on the November 2014 ballot. And that’s where it’s heading, with no tax committee meetings scheduled Friday to take up the measure. The initiative would impose a 2 percent tax on businesses that gross more than $1 million annually. Detractors call it a “job-killing” tax that will cripple the Nevada economy as it continues its long slog out of recession. Some Republicans in …

Explore Related Articles

Trending in: Government

Trending Sitewide

The Nevada Appeal Updated Mar 16, 2013 02:31AM Published Mar 15, 2013 08:22PM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.