(Kyle Roerink) – Buried in the 130-page tax bill that Gov. Brian Sandoval pitched to lawmakers last week, there’s a safe haven for mining, gaming, insurance and bankers.
The tax, known as the business license fee, is a broad-based framework that would levy new dollars from the state’s 330,000 businesses based on percentages of their gross revenues every fiscal quarter. Section 20, which outlines a series of deductions and exemptions, is what all special interests are looking at in the bill. It cuts new loopholes into law and protects some industries from double taxation. An array of the state’s industries are eligible: mining companies, aircraft manufacturers, gaming operations, insurance companies, hospitals, retailers and others.
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