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A bill introduced in the Nevada State Legislature — AB 276 — proposes raising the commerce tax threshold from the current $4 million and indexing it to the Consumer Price Index (CPI).
If implemented, the initiative would exempt approximately 145 companies from paying the tax and reduce the state’s annual tax revenues by about $1.6 million. Supporters of the bill argue that the measure would ease the tax burden on mid-sized businesses, while the CPI adjustment would prevent the threshold from eroding over time.
Opponents, however, have expressed concerns over the potential reduction in budget revenues and its possible impact on funding state programs. If passed, the changes would take effect at the start of the next tax period.
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- Assessment of Nevada’s investment climate and identification of promising areas for growth and investment;
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