CARSON CITY — Clark County’s teachers union has filed a voter initiative that would raise more than $300 million in annual revenue for the state by raising taxes on the state’s largest, most profitable gaming establishments.
The union, in discussing the measure Tuesday, said it also planned a second voter initiative that could raise nearly four times as much, which would go directly to the state’s K-12 schools. John Vellardita, executive director of the Clark County Education Association, said in an interview the tax would target an industry other than gaming, but was not on marijuana.
The gaming tax initiative would add a fourth tier to the state’s gaming tax, placing a levy of 9.75 percent on all monthly gross revenue of more than $250,000. Currently, the three-tiered tax tops out at 6.75 percent on all monthly gross revenue of more than $134,000.
Taxes for smaller establishments — which pay 3.5 percent on gross revenue of up to $50,000 per month, 4.5 percent on gross revenue between $50,000 and $134,000 — will remain unchanged. The third tier of 6.75 percent would now apply to monthly gross revenue of between $134,000 and the new $250,000 threshold, where the new 9.75 percent tax would kick in.
The measure would go to the 2021 Legislature, which could pass it into law. If lawmakers decline, however, the measure would go on the ballot in 2022 and take effect the following year.
Its sponsor is Nevadans for Fair Gaming Taxes, a new political action committee under the auspices of the Clark County Education Association. Vellardita said the measure could raise $315 million annually that would go into the state’s general fund.
“We think that gaming can contribute more to the state revenues,” he said Tuesday. “It has the lowest tax in the country and even