Senate panel questions extending tax sunsets
CARSON CITY, Nev. (AP) -- Democrats on the Senate Finance Committee are questioning why the state keeps extending taxes that are set to expire instead of just making them permanent.
The question was raised Monday as the panel considered SB475, a bill authorizing a continuance of taxes that should have expired two years ago.
Lawmakers in 2011 agreed to extend the sunset on those levies through June 30 of this year.
State Budget Director Jeff Mohlenkamp says the combined revenue totals more than $1 billion and is needed to meet the demands of state government.
But the bill also includes a proposal by Republican Gov. Brian Sandoval to give more businesses a break on payroll taxes, a move that will cost the general fund $25 million.