Nevada Lawmakers Advance GOP Plan to Raise, Broaden Payroll Tax - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Nevada Lawmakers Advance GOP Plan to Raise, Broaden Payroll Tax

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Nevada lawmakers have advanced an Assembly Republican-sponsored tax plan that supporters say is a viable alternative to Gov. Brian Sandoval's proposed business license fee.

The Assembly Taxation Committee held a hearing for Assembly Bill 464 on Tuesday and voted hours later to send it to a money committee without an endorsement.

Republican Assemblyman Derek Armstrong and Majority Leader Paul Anderson are the architects of the bill, which would raise the rate of the Modified Business Tax from 1.17% to 1.56% for general businesses, and would require companies that spend more than $50,000 in wages each quarter to pay it. That threshold is lower than existing law, which exempts businesses that pay less than $85,000 in a quarter.

Proponents say the payroll tax is among the most simple and predictable.  (AP)

To read more about bills in this session, click here.
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