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Nevada Assembly Reworks Tax Plan27 June 2003NEVADA – As reported by the Associated Press: “The Nevada Assembly reworked an 873 million-dollar Senate tax boost plan late Thursday night, voting for a batch of amendments that cut the huge increase slightly to 864 million dollars. That's still a record amount. “The Assembly action, in a series of voice votes, revises a plan that won approval earlier in the day on a 15-to-five Senate vote as the lawmakers struggled in their second special session since June second to find a way to balance a five billion-dollar state budget. “The Senate wanted a one percent payroll tax and a bank franchise levy, higher room taxes and casino levies, and increased `sin'’ taxes on cigarettes and liquor. “…The Assembly and Senate agreed on a half percent tax increase on Nevada casinos and a 10 percent live entertainment tax, and were close on a real estate transfer tax…” |