Thursday, February 9, 2012

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Nevada Tax

Nevada Tax Commission To Review Mining Tax Deductions

by taxnick on April 18, 2011

The Nevada Tax Commission voted unanimously to accept a petition by Senate Majority Leader Steven Horsford, D-North Las Vegas, to review regulations on what the mining industry can deduct from its net proceeds tax, agreeing it’s unclear whether the regulations conflict with state law on what is an allowable deduction.
The commission, however, rejected Horsford’s request [...]

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Fraud Could Undermine First Time Buyer Tax Credit in Nevada

by taxnick on October 23, 2009

Nevadans have responded to the government’s offer of up to $8,000 in first-time-homebuyer tax credits with gusto, filing more claims and receiving more in tax breaks per capita than residents of any other state.
Nevadans have claimed $146 million in tax breaks from the credit.
But according to new federal reports released Thursday, the program nationwide is [...]

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