The group, which is a long-standing nonprofit that promotes “sound fiscal policies” and typically lobbies on tax issues during legislative sessions, announced its opposition to the proposed ballot initiatives in a press release Friday, saying that a “policy blueprint of this size and scope” should be approved through the legislative process and not by voters.
Justices did not rule from the bench but said they would attempt to deliver a decision “expeditiously,” which would clear an important hurdle in the lawsuit brought by state Senate Republicans over a pair of bills — one removing a scheduled decrease in a payroll tax and another extending a $1 per transaction DMV technology fee — passed during the 2019 Legislature with less than the two-thirds majority constitutionally required for any tax increase.
Brown’s vision for the agency matched public comments made by Democratic Gov. Steve Sisolak, a skeptic of the incentive-heavy approach to economic development pioneered by his predecessor, Republican former Gov. Brian Sandoval, and who has promised major changes in the state’s approach to diversifying its economy.
In a briefing, chamber attorney Kevin Benson took issue with the petition’s summary or “Description of Effect,” which says it will raise the Local School Support Tax to 4.1 percent. The lawsuit argues that because the so-called LSST is a portion of the overall sales tax rate, voters are not informed that the total sales tax rate in Clark County will be close to 10 percent.
The proposal calls for raising a portion of the state’s Local School Support Tax by 1.5 percentage points — from 2.6 percent to 4.1 percent. The final sales tax rate would vary by county, with Clark County’s rate being 9.875 percent, the highest in the state.
Several states have attempted such a feat, but if successful, Nevada would be the first state to apply closed-loop technology to legal marijuana markets that are unable to freely participate in banking because marijuana is a federally illegal controlled substance and banking is intimately tied to the federal government.