Chamber of Commerce hosts margin tax luncheon
February 28, 2014
The Carson Valley Chamber of Commerce is hosting a luncheon to discuss the gross margin tax initiative 11:30 a.m. March 11 at the Carson Valley Inn.
According to the chamber, the initiative will be on the November 2014 ballot.
“The most basic explanation is that it would impose a 2 percent tax on the gross revenue of companies that earn revenue of more than $1 million,” according to a statement issued by the chamber. “While there would be some deductions available, this tax could be devastating to Nevada businesses.”
At the luncheon, Carole Vilardo of the Nevada Taxpayers Association; Joshua Hicks, attorney with Brownstein Hyatt Farber Schreck and Chris Nielsen of the Nevada Department of Taxation, will be the featured panelists and will explain the proposed tax, the process, what is being done by business and how to get involved.
Nevada Farm Bureau Federation has joined the Coalition to Defeat the Margin Tax Initiative. The coalition is a statewide coalition representing thousands of small and large employers, farmers, ranchers and other concerned Nevadans.
“Nevada Farm Bureau has joined this coalition because our member-developed grassroots policy opposes a gross business tax,” said Nevada Farm Bureau President Hank Combs. “The Margin Tax Initiative is a giant tax increase that would hurt all businesses in Nevada, especially farms and ranches.”
To learn more about Coalition to Defeat the Margin Tax Initiative and to gain information about the initiative visit http://www.stopthemargintax.com.
Frontier offers optical lines
Frontier Communications Corporation says its rural Nevada carrier and enterprise customers in Gardnerville now can get broadband access up to 10 gigabits via optical transport service.
The service, now available in 25 states, delivers point-to-point transparent fiber paths specific to interexchange carriers, competitive local exchange carriers, Internet service providers, and carriers and enterprise customers requiring extensive bandwidth and secure transport backed by service level agreements.
Transportation Department seeks applications
The Nevada Department of Transportation is accepting applications for Transportation Alternatives Program projects through March 14. The program provides federal transportation funds for projects that improve nonmotorized mobility, historic preservation, scenic accessibility, safe routes to school and environmental-vegetation management.
Under the program, there are two broad types of eligible activities: transportation infrastructure and noninfrastructure projects. Examples of infrastructure activities include constructed improvements to improve traffic calming, accessibility to scenic areas, environmental management and more. Non-infrastructure projects include activities that improve the ability of kindergarten through eighth-grade students to bike or walk to and from school. TAP projects may be part of an existing planned project or a “stand alone” project and must be publicly accessible 24 hours a day, seven days a week.
“TAP projects are meant to help communities create a unique identity and to foster an active, healthy lifestyle,” explains NDOT TAP manager Tim Mueller.
Governmental agencies, tribal governments, school districts, private schools and certain other agencies can sponsor TAP applications. Nonprofit organizations may apply only if partnered with an eligible sponsor. Only one application will be allowed per eligible sponsor. Each eligible application received will be evaluated with unique scoring and ranking criteria.
Maximum infrastructure funding will be limited to $650,000 per project and the maximum non-infrastructure funding will be limited to $125,000 per project. It is estimated that $4.83 million dollars will be available for these projects statewide.
For detailed information and a list of eligible project categories, visit http://www.nevadadot.com/tap. To apply, access the project initiation form by clicking the documents/info tab.
NV Energy and its charitable foundation gave approximately $5.4 million last year to support nearly 500 nonprofit organizations statewide. These contributions were funded by the company, not its customers.
NV Energy provides funds to local nonprofit organizations that support public education, environmental protection, youth development, arts and multi-cultural outreach, and health and human services.
Standing behind NV Energy’s philanthropic commitment were its employees who volunteered 44,830 hours of their time to help nonprofits statewide.
“Our role in the community goes far beyond keeping the lights on,” said Tony Sanchez, senior vice president of government and community strategy for NV Energy. “Our company and our employees take tremendous pride in helping make a positive difference in Nevada through both our philanthropic and volunteer efforts.”
Grants and sponsorships were given to 228 nonprofit organizations in Northern Nevada, including the University of Nevada, Reno, Foundation, The Nature Conservancy, Boy Scouts of America Nevada Area Council, Nevada STEM Coalition and the Food Bank of Northern Nevada. In Southern Nevada, grants and sponsorships went to 269 nonprofits including UNLV, CSN and Nevada State College Foundations, the Clark County School District Public Education Foundation, Teach for America, The Smith Center for Performing Arts, and the American Red Cross of Southern Nevada.
Mono County to waive fees for energy projects
Mono County supervisors approved a resolution to waive permit fees for energy efficiency and alternative energy projects.
Included in the qualifying projects to receive fees waivers are residential and commercial solar and ground source space and water conditioning systems with a maximum project valuation of $75,000 each.
“This action was taken to support residential and commercial property owners who want to invest in cost savings energy efficiency and alternative generation efforts,” Supervisor Chairman Larry Johnston said. “These projects generate private sector jobs putting people to work in retrofit and construction. The county is moving forward with a series of actions to bolster investment options for all communities in low cost energy efficiency projects which also produce jobs.
We want green to mean cost savings for consumers, jobs for the private sector and smart environmental stewardship.”
The fee waiver program is one of several actions the Board is taking to create private sector jobs around energy efficiency efforts On Match 18th, the Board is schedule to hear a presentation on a Property
Assessed Clean Energy program which, if adopted, could provide access to funding for investments to energy efficiency and alternative energy generation projects for residential and commercial property owners.
For more information regarding the fees waiver program, please contact Building Official Tom Perry at (760) 932-5433 or email@example.com.
Tesla looks at Nevada for gigafactory
Nevada is one of the finalists being considered for the location of a Tesla Motors, Inc., gigafactory that the company plans to build, according to the Governor’s Office of Economic Development.
“Tesla is an exceptional company, and we are honored to be included in their list of finalists,” said Steve Hill, Director of the Governor’s Office of Economic Development. “Our office has been working with the regional development authorities and local governments to highlight what Nevada offers: a skilled workforce, responsive workforce development and training programs, exceptional quality of life, great schools, low operating costs, and a commitment from the State of Nevada to provide the climate necessary for innovative businesses to thrive.”
The ongoing discussions with Tesla remain confidential.
Labor market better than estimated
Annual adjustments to Nevada’s labor market data show that job growth was stronger than initially estimated, according to the the Nevada Department of Employment, Training and Rehabilitation. Specifically, job estimates increased by 9,200 from preliminary readings. As a result, 2012-13 total nonfarm job growth came in at 30,900. At the same time, revised estimates show an unemployment rate of 9.8 percent, up from a preliminary estimate of 9.4 percent. Still, this represents a decline of 1.7 percent from 2012’s 11.5 percent reading, said Bill Anderson, chief economist for the state.
Nevada’s nonfarm employment and labor force numbers are estimated each month using a combination of historical data and current employment statistics. These estimates are revised at the beginning of each calendar year, or “benchmarked,” using more complete information, Anderson said. Once a year, the Bureau of Labor Statistics adjusts the nonfarm employment estimates using data from mandatory unemployment insurances reports submitted each quarter by employers.
“Looking at recent trends since 2010, Nevada has added 60,700 private-sector jobs, exceeding job growth expectations,” Anderson said.