In the 1990s, then-Assemblyman Jim Gibbons, R-Reno, led a push to amend the Nevada Constitution to require a two-thirds majority for any tax increase. And that seemed to work fine until a majority wanted a tax increase but could not get two-thirds of legislators to agree.
And we're back there again but this time some Democrats are talking about using a little-known provision of the Gibbons Tax Restraint Initiative, which allows the Legislature to turn to the question of a tax increase to voters at the next election. That means, Nevada voters could have to choose in 2012 whether to increase taxes. And it's restructuring the whole debate in Carson City.
Well, it's not quite April 15 but there are tax benefits in the stimulus package and the largest of all - the first time home buyer credit- has less than two months to run. IRS spokesman Raphael Tulino joins us to answer tax