Nevada is still under the recession’s choke hold, struggling to support additional clients needing services in this time of need.
So many Nevadans are suffering, but the current budget permits the state’s largest corporations to avoid offering a tiny downpayment on the recovery.
That would change if Assembly Bill 336 passes. AB336, sponsored by Peggy Pierce and Joe Hogan of Las Vegas, would enact a corporate profits tax on businesses which net more than $500,000 a year. It is the first broad-based business tax proposal we have seen this year.
With the legislative session now half over, we think it’s beyond time to start talking solutions.
AB336 has its first hearing Tuesday at 8 a.m. in the Assembly Taxation Committee. The meeting is Room 4100 of the Legislative Building in Carson City and will also be teleconferenced to the Grant Sawyer State Building in Las Vegas.
You can read the bill here.