Rally Held in Reno for Business Margins Tax Initiative - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Rally Held in Reno for Business Margins Tax Initiative

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It's no secret our schools are in need of funding right now to make repairs and other improvements, and there's a tax initiative designed to improve education in the state of Nevada.

Question 3 is on the statewide ballot for the general election in November, but already, reaction is mixed.

The measure looks to put a 2% margins tax on businesses to improve education. The measure would affect businesses that make more than $1 million in total gross revenue.

It came from the last legislative session as it was put on the 2014 ballot after lawmakers didn't take action on it.

"I believe that there's not enough money for our schools. We have grossly overcrowded classrooms and it's because we can't hire enough teachers," says supporter Doug Smithson.

Smithson is a retired firefighter who volunteers at one of the schools. He says he supports the education initiative because of what he's personally seen with overcrowded classrooms.

"It's hard enough to keep them under control and teach them something when there's that big of a disparity in the ratio of teacher to students," he said.

Supporters say they want to see our education system improve and that this tax initiative would be the best option for that.

"There's no other great ideas right now," said Tim Healion, a Reno business owner. "It's moving forward. So, I want to support it."

Healion says he wants to be one of the businesses in the $1 million minimum so that he can give back to the education system.

"I'm willing to pay my two percent of that so that it will help the education system in our state," he said.

Those who oppose the measure say its language is vague. The Chamber of Reno-Sparks and Northern Nevada is one of them. They say small businesses that are losing money could still be taxed.

"Your small businesses, your family-owned restaurants, gas stations, dairy farms could be subject to this tax," said Tray Abney, Director of Government Relations with The Chamber.

Abney told us it's not guaranteed where the money would go.

"There's nothing to keep the legislature from taking money away that they already allocated in year's past and move it to other things," he said. "There's no accountability for this money. There's no plan for this money."

We will, of course, continue to follow this measure as any new developments come along.

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