US EditionLawmakers advance bill tying commerce tax threshold to inflation • Nevada Current
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Lawmakers advance bill tying commerce tax threshold to inflation • Nevada Current
Assemblymember P.K. O'Neill. (Photo: Richard Bednarski/Nevada Current)Despite growing concerns about an economic downturn, Nevada lawmakers are considering legislation to adjust the commerce tax threshold, a change that would result in less revenue coming into the state. Nevada businesses are currently subject to the commerce tax on gross revenue above $4 million a year. Assembly Bill 276, sponsored by Republican Assemblymembers P.K. O’Neill and…
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