CARSON CITY, Nev. (AP) — Gov. Brian Sandoval is releasing an updated tax proposal that he says improves upon a plan he introduced earlier in the session and incorporates ideas from Assembly leaders.
Sandoval unveiled the Nevada Revenue Plan on Thursday, three weeks before the legislative session ends.
The plan raises the business license fee to a flat $300 or $500, depending on whether the business is a corporation. It raises the rate of the existing modified business tax, as proposed by Assembly Republican leaders Paul Anderson and Derek Armstrong.
The bill also adopts elements of Sandoval's earlier Business License Fee based on a business' gross revenue and industry type. That element is called the Commerce Tax.
The measure is part of Sandoval's effort to raise or extend $1.1 billion in taxes over two years.