Nevada Mining Tax Measure (2010)
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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.
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.
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."
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."
Mining lobbyist Jim Wadhams said, according to reports, the measure "is designed to shut mining down."
Path to the ballot
- Progressive Leadership Alliance of Nevada (PLAN) (supporters)
- Associated Press,"Liberal group begins push to tax mining in Nevada," December 6, 2009
- Reno Gazette-Journal,"Lawmakers target mining," February 26, 2010
- MineWeb,"Nevada mining to pay new claims fee to help shore up state budget shortfall," March 1, 2010
- Las Vegas Sun,"Mining tax initiative," December 7, 2009
State of Nevada
Carson City (capital)
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