Nevada – Ballot question may create a 2% margin tax

In brief
The Nevada margin tax for public schools initiative will appear as Question 3 on the November 4, 2014 ballot. The ballot measure imposes a 2% margin tax on business entities in Nevada with total revenue in excess of $1,000,000. Proceeds from the tax would be allocated to public schools for kindergarten through grade 12 and kept in the State Distributive School Account. If approved by voters, the tax would be effective January 1, 2015. Ballot Question No. 3

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