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Sunday, March 4, 2012

Profitable 'Casinos' Refuse to Pay Fair Share

Wildly profitable 'Casinos' don't want to pay their fair share of taxes to support the state government in Nevada and they never have.

Interesting to watch!


Resort Group Sues Over Gambling Tax Initiative
By: Associated Press

CARSON CITY, Nev. --
CARSON CITY, Nev. (AP) The Nevada Resort Association, which represents major casino owners, has sued to block an initiative petition to raise the top tax rate on Nevada's highest earning casinos.

The lawsuit, filed Wednesday in Carson City District Court, contends the petition is confusing and inaccurate, and fails to inform voters of its impact.

"It utterly fails to inform voters of the breadth of these changes or the character and nature of existing taxes and fees, much less accurately describe its intended purposes and consequences," the complaint contends.

The suit asks Judge James Todd Russell to bar supporters from collecting signatures and to enjoin the secretary of state from putting the issue on the ballot, the Nevada Appeal and Las Vegas Sun reported.

The ballot initiative backed by Nevadans for a Fair 9 percent Gambling Revenue Tax was filed last month by Monte Miller, a Las Vegas businessman and director on the conservative, pro-business group Keystone Corp.

It would raise the top tier of gambling taxes to 9 percent, up from 6.75 percent, for casinos that make more than $250,000 a month in gambling revenue. State regulators said the proposal to change state law would affect about 170 of Nevada's 443 license holders if approved.

Attorney Maggie McLetchie, a spokesman for Miller, said she was "not surprised" by the suit, and expected the resort association to "do all they could to keep this out of the hands of the voters."

She said she's reviewing issues raised by the association, and hopes the issue doesn't get tied up in court, so voters will have a chance to decide.

The group is facing a Nov. 13 deadline to gather 72,352 signatures of registered voters statewide. If there are enough valid signatures, the petition will be sent to the 2013 Legislature for consideration. If lawmakers fail to pass the proposal, it would go to voters in 2014.

No hearing on the suit before Russell has been set yet.

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