Posts Categorized: Nevada by the Numbers Blog

Sandoval Wants All Hands on Deck to Defeat Margin Tax

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The governor did not hold back yesterday in his remarks to lawmakers and business leaders at the Nevada Taxpayer Association’s 92nd annual luncheon at the Orleans. Of the many reasons to oppose the margin tax, another may be that statewide ballot measures approved by voters cannot be amended for a period of three years. Should the… Read more »

House Ways and Means Chair Riles Real Estate Lobby on Tax Reform

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We do not claim to be soothsayers, but it’s safe to say Representative Dave Camp’s (R-MI) sweeping tax reform “discussion draft” is likely to go over like a two-ton balloon with real estate associations and professionals. Included in Camp’s sweeping tax reform proposal is the death of the deduction for property taxes as well as… Read more »

Hart and Griffin Go Head to Head on Margin Tax

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In case you missed it, Nevada State Education Association spokesman Dan Hart and Coalition to Defeat the Margin Tax Initiative spokeswoman Karen Griffin debated the latest margin tax study last night on “Ralston Reports.”  

Margin Tax Impact Report Presented at Keystone Breakfast

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The Las Vegas-based CPA firm Fair, Anderson & Langerman (FAL) last Tuesday offered its prognosis on the impact of the margin tax to Nevada political action group Keystone Corporation. The slideshow reviews which types of entities would be required to file under the law as well as how revenue, cost of goods sold, and compensation will be calculated for purposes… Read more »

NAIOP Study: Real Estate Investor Preferences May Leave Las Vegas Behind

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The research arm of NAIOP, the Commercial Real Estate Development Association, has released a report pointing to secondary markets as the likely next wave of the investment. Las Vegas should rightfully be on the list for real estate bargain hunters, but the study claims it won’t be. Why? Because — say these national soothsayers —… Read more »

Vilardo Reacts to Margin Tax

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In case you missed it, president of the Nevada Taxpayers Association Carole Vilardo explained why she thinks voters should Just Say No to the margin tax initative. Her most salient points: First, the margin tax is not a tax on profits. It would levy a 2 percent tax on businesses with gross revenue of more than $1… Read more »