Difference between revisions of "Nevada Mining Tax Measure (2010)"

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{{NVConstitution}}{{tnr}}The '''Nevada Mining Tax Measure''' may appear on the [[BC2010#November|November 2, 2010 state ballot]] in [[Nevada]] as an {{icafull}}. The measure proposes remove the statutory deductions allowed to mining companies by current state law. The measure is supported by an advocacy group called [http://www.planevada.org/ Progressive Leadership Alliance of Nevada] (PLAN).<ref>[http://www.mercurynews.com/news/ci_13939717 ''Associated Press'',"Liberal group begins push to tax mining in Nevada," December 6, 2009]</ref>
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{{NVConstitution}}{{tnr}}The '''Nevada Mining Tax Measure''' may appear on the [[BC2010#November|November 2, 2010 state ballot]] in [[Nevada]] as an {{icafull}}. The measure proposes remove the statutory deductions allowed to mining companies by current state law.<ref>[http://www.mercurynews.com/news/ci_13939717 ''Associated Press'',"Liberal group begins push to tax mining in Nevada," December 6, 2009]</ref>
  
 
Mining companies, according to reports, pay a higher property tax rate on the minerals they extract from the state, however, they are also allowed deductions for mining costs. Those deduction, initiative supporters argue, can severely reduce tax revenue to the state.<ref>[http://www.rgj.com/article/20100226/NEWS/2260403/1321 ''Reno Gazette-Journal'',"Lawmakers target mining," February 26, 2010]</ref> Bob Fulkerson, PLAN executive director, said, "We have an enormous need in our budget. One industry is recording all-time profits, and that’s the mining industry. Yet it’s paying next to nothing to the general fund."<ref>[http://www.lasvegassun.com/news/2009/dec/07/mining-tax-initiative/ ''Las Vegas Sun'',"Mining tax initiative," December 7, 2009]</ref>
 
Mining companies, according to reports, pay a higher property tax rate on the minerals they extract from the state, however, they are also allowed deductions for mining costs. Those deduction, initiative supporters argue, can severely reduce tax revenue to the state.<ref>[http://www.rgj.com/article/20100226/NEWS/2260403/1321 ''Reno Gazette-Journal'',"Lawmakers target mining," February 26, 2010]</ref> Bob Fulkerson, PLAN executive director, said, "We have an enormous need in our budget. One industry is recording all-time profits, and that’s the mining industry. Yet it’s paying next to nothing to the general fund."<ref>[http://www.lasvegassun.com/news/2009/dec/07/mining-tax-initiative/ ''Las Vegas Sun'',"Mining tax initiative," December 7, 2009]</ref>
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==Supporters==
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The measure is supported by an advocacy group called [http://www.planevada.org/ Progressive Leadership Alliance of Nevada] (PLAN). In February 2010 the [[Sunshinereview:Nevada State Education Association|Nevada State Education Association]] began running a television ad campaign that calls for the public to support the proposed measure.<ref>[http://www.mineweb.co.za/mineweb/view/mineweb/en/page72068?oid=99802&sn=Detail&pid=1 ''MineWeb'',"Nevada mining to pay new claims fee to help shore up state budget shortfall," March 1, 2010]</ref>
  
 
==Path to the ballot==
 
==Path to the ballot==

Revision as of 11:58, 1 March 2010

Nevada Constitution
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The Nevada Mining Tax Measure may appear on the November 2, 2010 state ballot in Nevada as an initiated constitutional amendment. The measure proposes remove the statutory deductions allowed to mining companies by current state law.[1]

Mining companies, according to reports, pay a higher property tax rate on the minerals they extract from the state, however, they are also allowed deductions for mining costs. Those deduction, initiative supporters argue, can severely reduce tax revenue to the state.[2] Bob Fulkerson, PLAN executive director, said, "We have an enormous need in our budget. One industry is recording all-time profits, and that’s the mining industry. Yet it’s paying next to nothing to the general fund."[3]

Supporters

The measure is supported by an advocacy group called Progressive Leadership Alliance of Nevada (PLAN). In February 2010 the Nevada State Education Association began running a television ad campaign that calls for the public to support the proposed measure.[4]

Path to the ballot

In order to qualify the measure for the November 2010 ballot supporters are required to collect a minimum of 97,002 valid signatures.

See also

External links

References