Monthly archive
Nevada could improve the tax structure by broadening the sales tax and payroll tax and reforming its property tax, but not by approving a new gross receipts or corporate profits tax, according to a new study by The Tax Foundation paid for by the Las Vegas Metro Chamber of Commerce.
The full study will be released later but the executive summary is attached here.
The Tax Foundation folks interviewed people in Nevada and did a forensic look at the state's antiquated tax structure. The analysts...
UPDATED, 5:15 PM, 12/8/14: It appears, based on what tax attorneys say, that the IRS, shockingly, can be quite capricious in how it handles such cases. But it's clear Fiore has a lot of exposure here, as the agency does not take kindly to those who withhold and do not pass on the money, seeing it as stealing from the government.
Here's the applicable statute, which says penalties can range from fines to prison, or both.
UPDATED, 2:15 PM, 12/8/14:
I have discovered more than $200,000 in...
UPDATED, 1 PM: Gov. Brian Sandoval sent out a statement after his team presented the grim picture to lawmakers. It used some of the same verbiage he has previously brandished about revenue not keeping pace with growth and having to look to new sources. This ain't subtle, nor is it rocket science, folks: Ask for savings (remember Kenny Guinn's "fundamental review" of state government, then lament that it's not enough, propose taxes.
This time, like last time (2003), the need is real; it's just...
Welcome to the Weekly Report.
This week:
1. A quartet of nuggets, including some documents for you on the Washoe County School District’s ongoing problem with open government, what the city of Las Vegas claims about its new Tourism Improvement District and more.
2. Thoughts on the latest Assembly leadership crew.
3. Is the Michele Fiore tax lien story long-lasting?
Most of my insiders think the Hambrick-Fiore team lasts at least through early session. They are split on the nuclear option...
A popular Republican governor de facto unopposed for re-election and planning a tax increase.
A willing state Senate majority leader who wants to bolster education funding.
An unpredictable Assembly with some strong-willed no-tax absolutists.
The state’s most powerful special interest mobilizing to get businesses to pay more.
Business folks talking a good game about wanting to pay more for education.
Here we go. Again.
The run-up to Session ’15 looks a lot like the prelude to Session ’03, the...
Good morning, everyone. I am thinking of moving to Carson City, taking up residence in the Hardman House (Adele’s proximity!) and writing two books – one about the 2015 Legislature, which will be unlike any in Nevada history, and one on Harry Reid. Which would have the craziest stuff in it?
Lots of good stuff coming this weekend in premium content. And I’ll have a column Sunday, too. Damn. I thought this was supposed to be the slow time. But I guess I should thank the Assembly GOP for the raft...
Good morning, everyone. ICYMI, I urge you to check out Speaker-for-the-Moment John Hambrick’s appearance on “Ralston Reports” last night. He tried to dispel any impression Majority Leader-for-the-Moment Michele Fiore, whom he disclosed spent an entire day gathering proxies for him, is the power behind the throne. And he also twice said he was open to taxes for education funding, despite having signed the idiotic tax pledge.
As the governor and Democrats try to find 10 other Republicans who...