CARSON CITY, Nev., May 29, 2015—Randi Thompson, Nevada state director for America’s largest small-business association, the National Federation of Independent Business, issued the following statement today, after last night’s passage Assembly Bill 464 by Assembly Ways and Means Committee.
“Small business is tired of paying more in taxes so the Legislature can give special tax favors to companies that are its flavors of the month.
“The same day the Ways and Means Committee passed AB464, the Assembly approved SB170 to give data centers more tax breaks if they hire just 10 Nevadans. This is in addition to the over $1 billion dollars in tax breaks the Legislature approved for Tesla to create just 6,500 jobs over the next 10 years. In 2012 alone, small businesses created an amazing 15,168 jobs for Nevadans—without asking for any tax abatements or credits.
“I am deeply disappointed with the passage of AB464 that not only increases the business license fee and the payroll tax, but also creates a new tax on general businesses in Nevada. At a time when Nevada is trying to diversify and grow its lagging economy by attracting non-gaming businesses, the Legislature is seriously considering creating a new tax on non-gaming businesses. This tax policy seems to be at total odds with our state’s economic development policy and will only serve to discourage businesses from locating and expanding in Nevada.”
Follow NFIB/Nevada on Twitter at @NFIB_NV
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For more than 70 years, the National Federation of Independent Business has been the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB annually surveys its members on state and federal issues vital to their survival as America’s economic engine and biggest creator of jobs. NFIB’s educational mission is to remind policymakers that small businesses are not smaller versions of bigger businesses; they have very different challenges and priorities.
National Federation of Independent Business/Nevada
140 Washington St. #150
Reno, NV 89503
775-830-8407
Twitter: @NFIB_NV
