|A proposed gross receipts tax for the State of Nevada would benefit the gambling industry by spreading the tax burden more fairly to other businesses. Gaming in Las Vegas already pays more than $600 million every year in special gaming taxes and over $20 million on business licenses. |
The state legislature has to come up soon with some means by which to increase the state’s revenues to maintain services. The gross receipts tax proposal is endorsed by the Governor's Task Force on Tax Policy.
Other Nevada businesses, however, are opposed to the plan. They argue it is “unfair” and claimed the gross receipts tax has failed in the State of Washington. The Business Representatives Group, a coalition including retailers, bankers, manufacturers and auto dealers, has promoted an alternative tax plan -- the expansion of the sales tax onto other, previously untaxed services. The coalition has not yet revealed what services they have in mind.
Governor Kenny Guin will be introducing his own tax plan in his State of the State address on January 20. He said the state needs “$704.6 million in new revenue over the next two years just to keep up with growth in existing state programs.” There is no indication as yet as to what may be on the governor’s mind with respect to taxes.