A gross receipts tax ...

A gross receipts tax, which has become the symbol of a destructive levy by the chamber set here, apparently isn’t that damaging after all. The business community here helped kill that idea in 2003, even though most small businesses would have been exempted, and instead helped impose a payroll tax on all Nevada businesses. And now, thanks to a new study by CNBC, it seems a gross receipts tax is not antithetical to a healthy business climate. The state ranked No. 1 in the survey, Texas, imposed such a tax a couple of years ago. Businesses did not fail or flee the state. Indeed, it seems as if many continue to prosper. And where did Nevada, which would have been destroyed by a gross receipts tax, we were told, rank? 45th.