The Legislature and guests look on during Gov. Sandoval’s State of the State address on Jan. 17, 2017. | Photo by David Calvert
Nevada’s Commerce Tax is the most visible symbol of a 2015 effort to raise and extend more than $1 billion in new revenue.
It’s reviled by those who see it as a reversal after voters rejected a margins tax on the 2014 ballot. It’s defended by those who see it as an important source of money for education. And it’s a sticking point in the governor’s race — Republican Adam Laxalt wants to repeal it, while Republican Gov. Brian Sandoval has challenged anyone who does so to answer for the cuts they’d make to balance the budget.
But what exactly is the Commerce Tax, how big of a contribution does it make to the budget, and what should voters make of arguments that it doesn’t directly fund education? Read on for more.
INDY FAST FACTS Adam Laxalt Job: Nevada State Attorney General Party: Republican In current office: 2015-present Birthdate: August 31, 1978 Education: Georgetown University (B.A.) Georgetown University Law Center (J.D.) Other public offices held: None Total donations: $8,262,050 (1/08/14 – 6/07/18) Top donors: Station Casinos/Zuffa/Fertitta $208,500 Las Vegas Sands $75,000 Marnell Properties LLC $42,500 Starpoint Resort Group/Partners $40,000 MGM Resorts $35,000INDY FAST FACTS Brian Sandoval Job: Nevada Governor Party: Republican In current office: 2011-present Birthdate: August 5, 1963 Education: University of Nevada, Reno (B.A.) Ohio State University (J.D.) Other public offices held: U.S. District Court Judge (2005-2009) Nevada State Attorney General (2003-2005) Nevada Gaming Commission Chair (1999-2001) Nevada Gaming Commission Member (1998-2001) State Assemblyman, District 25 (1994-1998) Total donations: $5,035,808 (1/7/11 – 7/5/17) Top donors: Caesars Entertainment $245,000 Station Casinos $158,072 MGM Resorts International $160,000 Wynn Resorts $80,000 Marnell Properties LLC $70,000 From the Editor The Nevada Independent