SB 124 - Amends Current Taxation on Minerals and Mineral Royalties - Nevada Key Vote
Alexis Hansen voted Nay (Passage) on this Legislation.
Timeline
- Executive Signed
- Feb. 27, 2023
- House Bill Passed
- Feb. 23, 2023
- Senate Bill Passed
- Feb. 15, 2023
- Introduced
- Feb. 8, 2023
Related Issues
Stage Details
Title: Amends Current Taxation on Minerals and Mineral Royalties
Signed by Governor Joseph Lombardo
Title: Amends Current Taxation on Minerals and Mineral Royalties
Vote Smart's Synopsis:
Vote to pass a bill that amends current taxation on minerals and mineral royalties.
Highlights:
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Specifies that “The Department shall deposit to the credit of the State Education Fund the total of the amounts obtained by multiplying, for each extractive operation situated within a county, the net proceeds of that operation and any royalties paid by that operation, by the combined rate of tax ad valorem levied in that county” (Page 3).
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Specifies criteria for determination of actual ending fund balance (Page 7).
Title: Amends Current Taxation on Minerals and Mineral Royalties
Title: Amends Current Taxation on Minerals and Mineral Royalties
Committee Sponsors
- Finance Committee (Sponsor)