Nevada Casino Tax Hike Seems Inevitable After Latest Court Ruling

Nevada casinos have been getting by paying only 6.75 percent tax, but the days of those rates appear to be numbered. Several groups are lobbying for higher tax rates for the casinos.

A ruling has come down from a Carson City District Court that said that a proposed referendum to raise the taxes, is indeed, valid. The referendum was being challenged by the Nevada Resort Association. They were claiming the ballot initiative violated state law.

Anything that would make the casinos, who are making millions of dollars, pay more in taxes, was surely to be challenged by the Association.

The sponsors of the initiative may now proceed with collecting signatures. If enough signatures are accumulated, the initiative will make the November ballot.

The initiative is asking to raise taxes on casino winnings from its current rate of 6.75, to 9.75. The Nevada State Education Association has recently thrown their support behind the ballot initiative.

While it is still a ways off, the tax increase could kick in, if approved by voters, in 2011. It would have to be approved in both this years ballot, and also on the 2010 ballot.

April 5, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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