Nevada Supreme Court Takes Up Tax Initiative - 8 News NOW

Nevada Supreme Court Takes Up Tax Initiative

Posted: Updated:

CARSON CITY, Nev. (AP) -- Nevada Supreme Court justices peppered attorneys on both sides of a business tax initiative with questions about hypothetical consequences and how detailed initiative petitions need to be to pass legal muster.

Wednesday's arguments came after backers of the Education Initiative turned in nearly 150,000 signatures to send the proposal to state lawmakers in February or voters in 2014.

But a lower court judge in October ruled the petition was invalid because the description of what it would do was flawed.

The proposal would impose a 2 percent margin tax on businesses making $1 million or more. Supporters say it would provide as much as $800 million a year for schools.

A business group argues the petition is deceptive because it doesn't guarantee more funding for education.

Justices will rule later.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.