Vetoed by Governor Jim Gibbons

Vote Smart's Synopsis:

Vote to pass a bill that increases taxes to generate additional revenue for governmental services in the state.

Highlights:

-Sponsored by Committee of the Whole -Increases the fee for a state business license from $100 to $200 (Sec. 1). -Imposes an excise tax at a rate of 0.63 percent of the total wages paid by businesses that does not exceed $62,500 each calendar quarter and an excise tax of 1.17 percent of the amount paid that exceeds $62,500 (Sec. 3). -Increases the amount of governmental services taxes for used vehicles by reducing the amount of depreciation allowed and increasing the minimum tax to $16 (Sec. 4). -Imposes an additional tax on all retailers at a rate of 0.35 percent of the gross receipts of the sale of all tangible personal property sold at retail in a county (Sec. 7). -Transfers revenue from the increases in the governmental services tax to the State General Fund (Sec. 13). -Adds a sunset clause in which the business and sales taxes expire on June 30, 2011 (Secs. 19, 20).

Full Bill Text

Full Bill Text