Wednesday, Dec. 8, 2010 | 1:25 p.m.
Assemblywoman Peggy Pierce, D-Las Vegas, said today she’ll introduce a bill creating a corporate income tax targeting big box retailers, a measure that individual Democrats have long touted but that has failed to garner significant support in the Legislature.
The measure would establish a rate that is lower than rates in surrounding states and would exempt small businesses, Pierce said in a written release.
“Shared sacrifice is a good idea,” Pierce said of Governor-elect Brian Sandoval’s position that all state agencies will need to endure cuts in the face of an estimated $2.2 billion shortfall. “It is time for big business to share in the sacrifice.”
The Nevada State Education Association was quick with a press release applauding the proposed legislation as a way to fund education in Nevada.
While individual Democrats have repeatedly campaigned for a corporate income tax, it’s never been a serious part of any tax debate in the Legislature.