CARSON CITY (AP) — Even after amendments were made to address concerns, a proposal to limit mining tax deductions failed to pass the Nevada Senate on Saturday night.
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The proposal would have capped the deductions that Nevada mining businesses can claim to 60% of current levels.
It would have exempted businesses that gross less than $10 million annually and directed about $100 million to restore potential cuts to education amid coronavirus-related revenue shortfalls.
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After Democrats revived the proposal Saturday, two days after it failed, lawmakers again voted 13-8 for the proposal on party lines, with Democrats in favor and Republicans against, denying it the two-thirds majority Nevada law requires to pass new taxes.
