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

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==Path to the ballot==
 
==Path to the ballot==
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:: ''See also: [[Nevada signature requirements]]''
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In order to qualify the measure for the [[Nevada 2010 ballot measures|November 2010 ballot]] supporters are required to collect a minimum of 97,002 [[Nevada signature requirements|valid signatures]].
 
In order to qualify the measure for the [[Nevada 2010 ballot measures|November 2010 ballot]] supporters are required to collect a minimum of 97,002 [[Nevada signature requirements|valid signatures]].
  

Revision as of 13:44, 23 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]

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.[3]

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."[4]

Despite a decision by the Nevada Legislature to charge a new fee on mining claims, Fulkerson said the proposed amendment is still required. Fulkerson argues that the amendment will remove the industry's "sweetheart deal that's enshrined in the constitution."[3]

Opponents

Mining lobbyist Jim Wadhams said, according to reports, the measure "is designed to shut mining down."[3]

Legal challenges

Request for block denied by judge

Petition language changed

Path to the ballot

See also: Nevada signature requirements

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