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February 10, 2010 / jimnv

Mining Attacks the Tax Initiative

It didn’t take long for the mining industry to file lawsuits to stop a democratic and legal process, that is, an initiative that seeks to have mining pay its fair share of taxes by modifying our state constitution.

PLAN (Progressive Leadership Alliance of Nevada) started the initiative and it has until this summer to get over 90 thousand signatures.  For more information go to their ” Nevadans For Fair Mining Taxes website.

Right now the mining industry pays about a half a percent on the billions they make each year. The average Nevadan and business pay a lot more.

With or without a budget crisis, it is unbelievable that mining would have such low taxes.  Like I have stated before, we must remove the business deductions mines can take when computing their net proceeds and that can be done without a constitutional amendment.

Miners sue to block mining tax initiative“, Jon Ralston, LV Sun, February 9, 2010

Legal filings: Part 1 and Part 2

Mining Association Files Suit To Block Tax PLAN, Elizabeth Crum, Nevada News Bureau, February 10, 2010

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