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Response proposal to Nevada arena initiative advances to Senate

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April 15, 2011

Nevada

CARSON CITY, Nevada: Senate Bill 495 was introduced on March 28, 2011 as a response to the certified sports arena ballot measure. Now, the bill will be placed in front of the full Nevada State Senate for consideration, after a unanimous approval vote by the Senate Committee on Revenue.

The proposal would prohibit a special tax district in the state as well as prohibit the creation of an area in which the sales tax is higher than other parts of the county. According to State Senator Sheila Leslie, chairwoman of the revenue committee, if approved by the Legislature, the bill would be placed on the 2012 ballot as a competing measure to the sports arena proposal.

If Senate Bill 495 makes the ballot, the proposal that receives the most votes in the 2012 general election would win. However, if neither measure receives 50 percent of the vote, both would be considered rejected by voters.[1]

The arena initiative would allow a 20,000-seat sports arena on the Las Vegas Strip. Specifically, it would impose a 0.9 cent sales tax in a taxing district near the arena. The revenue would finance bonds to construct the arena.[2]

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