CARSON CITY, Nev. (AP) — As they look for ways to stem a projected $1.2 billion budget shortfall, Nevada lawmakers passed a bill to require mining businesses to pre-pay their taxes based on an estimate of annual activity proceeds.
On Thursday, lawmakers are expected to vote on a proposed $563 million budget cut package to address the deficit. Under Senate Bill 3, which was passed by the state Senate and Assembly late Wednesday, businesses would pay a portion of the Nevada Net Proceeds on Minerals tax by March 1 until 2024.
The bill now goes to Democratic Gov. Steve Sisolak. His office did not immediately return messages about whether he will sign it.