From RGJ.com:

The budget and taxes will dominate the Nevada Legislature as the session enters its 14th week today.

Democratic lawmakers on Thursday unveiled their long-awaited tax plan that, along with additional projected revenues, would generate $1.5 billion over the next two years.

The proposal includes lifting the sunset on taxes set to expire June 30; a gradual phase-out the modified business tax in favor of a margins tax paid on business revenue; and implementing a 1 percent to 4 percent tax on some services.

State Senate Majority Leader Steven Horsford, D-Las Vegas, and Assembly Speaker John Oceguera, D-Las Vegas, said they hoped the proposal would be a starting point for discussion on revamping Nevada’s tax structure that is heavily reliant on tourism and casino taxes — two revenue sources prone to economic volatility.

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