James Barash and Stan Nicman
McGladrey LLP
March 20, 2015

On March 11, 2015, the Nevada Senate Committee on Revenue and Economic Development, acting on behalf of the Department of Administration, introduced Senate Bill No. 252, which would repeal the state’s annual business license fee and replace it with a quarterly graduated gross revenue tax.

Under current law, businesses that are doing business within Nevada are subject to a $200 business license fee, payable annually to the Nevada Secretary of State. That fee is scheduled to be reduced to $100 per year starting on July 1, 2015. Pursuant to the legislation proposed by Gov. Brian Sandoval and currently before the Nevada legislature, this fixed license fee would be repealed effective July 1, 2015.

The legislation would replace the annual business license fee with a quarterly graduated gross revenue tax. This tax would apply to businesses primarily engaged in activities that fall under specified North American Industry Classification System (NAICS) categories, as well as those that fall under one unclassified business category, and would be calculated using a graduated fixed fee approach. The minimum tax due for businesses in all industries would be $100, and the maximum tax would be capped at the industry-specific fixed fee set for the bracket starting at gross revenue in excess of $275,572,755. For example, a business in NAICS 484, the truck transportation business category, would determine its tax liability using the following brackets:

By comparison, a business in NAICS 482, the rail transportation category, would determine its tax liability using the following brackets:

As can be seen from these two samples, while the minimum tax for businesses across industries will be $100, the rate at which the amount of the fixed fee increases and the applicable maximum fee will vary significantly from one industry to another.

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To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services.

How long is too long for a school to fail in educating our kids before we finally do something about it? One year? Two years? More?

There are 78 schools in Nevada that have failed to meet state standards for three consecutive years. If you look closely at the list, you’ll see that some schools have been underperforming for even longer than that — for as long as a decade. It’s no surprise that Nevada sits in the bottom 10 percent of the country in graduation rates.

We need to do something now, and we need to do something that we know works. Right now, Nevada has that chance if our Legislature will put politics aside and pass Assembly Bill 448.

AB448 would create an innovative new district called the Achievement School District. Through the Achievement School District, the state is given the tools to make much-needed changes in our state’s lowest performing public schools and transform them into places where our kids will soar academically. Achievement School Districts are led by school turnaround experts who have a track record of success in providing kids access to a good education after being trapped in the worst schools.

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