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Mining tax plan ups stakes in Nevada Legislature’s last days – Las Vegas, Nevada

Las Vegas, Nevada 2021-05-30 01:39:21 –

Carson City, Nevada (AP) — Nevada lawmakers submitted a proposal to impose additional taxes on the mining industry late Saturday, leaving only two days left until the May 31 adjournment.

The industry-backed proposal keeps the current net revenue structure intact and adds taxes to large mines based on total revenue.

With two-thirds support in both the state Senate and the House of Representatives, the pass is a long-standing Democratic party trying to raise more dollars from the multi-billion dollar industry to pay for medical and education. It will be the culmination of the efforts of.

Republican and Democratic support is needed to reach the two-thirds threshold required for Congress to raise taxes.

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