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Mining tax cap repeal clears Nev. Assembly panel

May 16, 2013 • Business


Mining lobbyist James Wadhams answers media questions following a hearing at the Legislative Building in Carson City, Nev., on Thursday, May 16, 2013. The Assembly Taxation Committee approved a measure Thursday to repeal the constitutional tax cap on net proceeds paid by mining companies. (AP Photo/Cathleen Allison)

CARSON CITY, Nev. (AP) — An Assembly panel Thursday approved a measure to repeal the constitutional tax cap on net proceeds paid by mining companies, a move long advocated by mining foes who claim the industry hasn’t paid its fair share of taxes while reaping huge profits from Nevada’s nonrenewable resource.

The 7-5 vote by the Assembly Taxation Committee was along party lines with Republicans opposed. SJR15 now goes to the full Assembly, where Login to read more

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