by Geoff Dornan

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April 2, 2013
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Senate approves proposed mining amendment

Mining’s constitutional protection from higher taxation may be eliminated after the Nevada senate approved an amendment 17-4 on Monday. This is SJR15’s second trip through the Legislature. The final hurdle before the issue goes to voters in November 2014 is passage by the Assembly. “It neither increases nor decreases the tax on mining,” said Majority Leader Mo Denis, D-Las Vegas. “It simply gives the Legislature the power to change the way mining is taxed.” Mining has a provision in the Constitution limiting its tax obligation to the state to no more than $5 per $100 of net proceeds. Opponents argue …

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The Record Courier Updated May 1, 2013 10:33AM Published Apr 2, 2013 09:16AM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.