Tesla Plant Goes to NV. NV Proposes Gross Receipts Tax.

Governor Sandoval (R-NV), who gave up his federal judgeship to run for state office, is proposing a gross receipts tax. The details of his proposal:

• $570 million tax-increase package
• Gross receipts tax that would cost businesses from $400 to $4 million.
  • Greatest burden on businesses grossing over $1Billion
  • Currently businesses pay a $200 business license fee
• Also in the Governor’s tax proposal:
  • Cigarette taxes go up to $1.20 from $0.80
  • Slot machine route operators would be taxed like casinos
  • Increase the mining payroll tax to 2%, up from 1.17%     Las Vegas Sun

Tesla’s new Nevada plant will be near one the largest lithium mines, which its cars require. Reno Gazette Journal