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Archive for month: April, 2015

You are here: Home » Updates » Political Update – March 9, 2015 » 2015 » April
April 28, 2015
28 Apr 2015

Political Update – April 28, 2015

 

NPRI comments
on Senate passage of
Sandoval’s tax


Chantal Lovell
NPRI
April 21, 2015 

For immediate release
Contact Chantal Lovell, 702-222-0642

LAS VEGAS — Responding to the Nevada Senate’s passage today of Senate Bill 252 to create a Gross-Receipts Business License Tax, the Nevada Policy Research Institute’s Executive Vice President Victor Joecks issued the following comments:

The voters of Nevada made clear in November that they do not want to impose a gross-receipts business tax, yet today the Senate passed a similar tax. Unlike the 17 Senators who voted in favor of SB252, Nevada voters recognized that raising taxes on businesses that are struggling or even losing money will only hurt families and parents throughout Nevada.

Nevada voters should thank Senators Gustavson, Goicoechea, Hammond and Settelmeyer for respecting the will of voters and rejecting this destructive tax.

SB252 would create a tax that charges businesses on their gross receipts, meaning even businesses running a deficit would be required to pay. This will force struggling businesses to close their doors and lay off workers. As the Tax Foundation has said, ‘There is no sensible case for gross-receipts taxation.’

Joecks urged Nevada Assembly members to reject SB252 and noted that Texas has experienced numerous problems with its own tax on gross receipts, the margin tax.

Governor Sandoval has stated he’s modeled his tax after Texas’ franchise tax, but that tax is failing in Texas. After Texas implemented a margin tax in 2007, roughly 20 percent of small businesses reported they would be forced to lay off employees, while one-third of businesses reported they’d leave jobs unfilled. This gross-receipts tax has been so bad that lawmakers in Texas are currently looking to eliminate it.

 Read More Here 


Keystone’s Mission:

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.
Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.

Quote: “The voters of Nevada made clear in November that they do not want to impose a gross-receipts business tax, yet today the Senate passed a similar tax.”
Chantal Lovell, NPRI

Poll: 90 percent of Nevadans don’t know Sandoval supports the largest tax increase in state history

Victor Joecks
NPRI
April 20, 2015

In his quest to enact the largest tax increase in state history, Gov. Brian Sandoval is using his personal popularity as his primary weapon.

Tomorrow morning, the Senate is set to vote on Senate Bill 252, the Governor’s proposal to implement a Gross-Receipts Business License Tax, a modified version of the margin tax. This vote comes just months after voters rejected the margin tax 4-to-1 in November.

Recently, the Nevada Jobs Coalition, a PAC closely connected with Sandoval, released a poll showing that Sandoval has a 79 percent job approval rating.

The subtext of the PAC’s poll is clear: Sandoval is popular and Sandoval supports the largest tax increase in state history.Lawmaker, if you too want to be popular, you should support the Gross Receipts Business License Tax too, despite the clear message sent by voters.

Read More Here

 

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in Political Update /by webmaster/#permalink
April 14, 2015
14 Apr 2015

Political Update – April 14, 2015

 

URGENT: Contact the Assembly Members you have supported in the past and ask them to continue in opposing this flawed tax proposal, SB 252 (Business License Fee/Gross Receipts Tax). 

 

Click Here to see a List State Assembly Members and Their Contact Information

____________ 

This study, from McGladrey LLP, highlights questions
regarding the governor’s flawed tax proposal,
SB 252 (Business License Fee/Gross Receipts Tax).
Please read this study and forward it to your friends and colleagues.

____________ 

Nevada Introduces Gross Revenue Tax
Proposed Legislation Yields More
Questions Than Answers

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.

Read More Here


Keystone’s Mission:

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.

Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.

Quote: “The Republican Assembly is ready to do something we know works.”
Majority Floor Leader Paul Anderson, Las Vegas Review Journal

New District Would Give Students
a Chance
Majority Floor Leader    Paul Anderson
Las Vegas Review Journal
April 12, 2015

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.

Read More Here

Keystone Annual Luncheon 

With Guest Speaker
Marc Tucker
April 22, 2015 
12:00pm-1:30pm
$35.00 per person
Silverton Hotel
Veil Event Pavilion
3333 Blue Diamond Rd.
Las Vegas, NV 89139

The current debate over what kind of tax increase to levy is taking place because of the cost of our public education system 

K-12 education accounts for 45% of our total
annual spending…where and when does it stop?  

Marc Tucker, who is currently a Visiting Distinguished Fellow at the Harvard Graduate School of Education, has researched the American education system as well as many other countries. 

Marc’s book, “Surpassing Shanghai“, looks in depth at the education systems that are leading the world in student performance to find out what strategies are working and how they might apply to the United States. Developed from the work of the National Center on Education and the Economy, which has been researching the education systems of countries with the highest student performance for more than twenty years, this book provides a series of answers to the question of how the United States can compete with the world’s best.

Learn how Nevada can compete with the world’s best. 

Download the
RSVP form here

Email To:
info@KeystoneNevada.com

Phone To: 702-952-2456

Click here for Directions to Silverton Hotel

 

P.O. Box 93596 | Las Vegas, NV 89193-3596
in Political Update, Uncategorized /by webmaster/#permalink
April 6, 2015
06 Apr 2015

Political Update – April 6, 2015

URGENT: SB 252 (Business License Fee/Gross Receipts Tax) passed out of the Senate Revenue and Economic Development Committee, and is moving to the Senate Floor. Contact the Senators you have supported in the past and thank them for their continued help in opposing this tax.

 

Click Here To See A List State Senators and Their Contact Information

____________

This study, from McGladrey LLP, highlights questions
regarding the governor’s flawed tax proposal,
SB 252 (Business License Fee/Gross Receipts Tax).
Please read this study and forward it to your friends and colleagues.

____________

Nevada Introduces Gross Revenue Tax
Proposed Legislation Yields More
Questions Than Answers

James Barash and Stan Nicman
McGladrey LLP
April 6, 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.

Read More Here


Keystone’s Mission:

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.

Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.
P.O. Box 93596 | Las Vegas, NV 89193-3596
in Political Update /by webmaster/#permalink

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Keystone’s Mission:

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.

Keystone’s Goals:

To focus on candidate support in state legislative races and the governor’s office.

To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.

Support limiting Nevada state government spending to the rate of population growth.

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