Gaming industry comes out swinging against tax bill
By Ray Hagar, Reno Gazette-Journal
A major tax plan proposed by Assembly Republicans — that features an expansion of the Modified Business Tax as a main component — met its major adversary Tuesday at the Legislature.
And that is the gaming industry — Nevada’s largest taxpayer and employer.
The Nevada Resort Association made its opposition clear to a plan that officially is sponsored by the Assembly Taxation Committee and raises the rate of the state’s payroll tax — or Modified Business Tax — and expands its reach by about 5,000 more Nevada businesses.
Gaming representatives pushed back on Assembly Bill 464, saying the tax will have a narrow base of taxpayers, hurts job growth and lacks fairness.
Get ready, Nevada. They spent the money, the gaming corporations don’t want to pay taxes and guess who is on the menu?