Assembly Concurrent Resolution No. 1–Joint Rules Committee

 

FILE NUMBER..........

 

Assembly Concurrent RESOLUTION—Establishing the Governor’s Task Force on Tax Policy in Nevada.

 

   Whereas, Nevada is the fastest growing state in the country, with the

 biggest gains being made in the populations of school-aged children and

 senior citizens; and

   Whereas, The rate of growth of Nevada’s population is much faster

 than the rate of growth of its public revenue; and

   Whereas, Nevada is falling behind in the revenue collections needed

 for funding K-12 education, for meeting the long-term care needs of its

 growing senior population, and for keeping pace with soaring energy

 demands and the costs of those demands; and

   Whereas, When there is a disparity between the growth in revenues

 from current revenue sources and the growth in public spending needed to

 maintain current governmental services, a structural deficit in the state

 budget arises; and

   Whereas, The underlying reasons for such a structural budgetary

 deficit in Nevada are complex and have accumulated over many years; and

   Whereas, The development of a broad-based tax structure that is

 reflective of the diversity of Nevada’s economy is a desirable policy and

 worthy of study; now, therefore, be it

   Resolved by the Assembly of the State of Nevada, the Senate

 Concurring, That there is hereby created a Governor’s Task Force on

 Tax Policy in Nevada consisting of two members appointed by the

 Governor, two members appointed by the Majority Leader of the Senate

 and two members appointed by the Speaker of the Assembly; and be it

 further

   Resolved, If additional representation is desired, two additional

 members may be appointed by the Governor, one representing taxpayers

 and one representing services supported primarily by public revenue; and

 be it further

   Resolved, That at its initial meeting, the Task Force shall identify the

 specific taxes to be reviewed, with consideration given to the review of

 such taxes as those on gross receipts, mining, property, sales or services,

 business profits, employees of business, slot route operators and car rental

 companies; and be it further

   Resolved, That the Task Force shall also focus on broader tax policy

 issues, such as optimal tax rates and the structural budgetary deficits, and

 consider ways to reduce budgetary reliance on volatile or cyclical revenue

 streams; and be it further

   Resolved, That the Task Force may engage in a collective review of

 the various fees charged by agencies of the state that have not been

 increased for a substantial length of time; and be it further

   Resolved, That the Task Force shall solicit the state executive branch,

 businesses, labor organizations and local governments for comments and

 suggestions for changes to Nevada’s tax policy with the intent being to

 gather public spending recommendations for support of K-12 education

 and long-term care needs of the general public, including our growing

 senior population; and be it further


   Resolved, That the Task Force shall also consider the desirability of

the lowering of the state’s sales and use taxes over time as new tax

 revenues become available; and be it further

   Resolved, That the Task Force is entitled to submit five bill draft

 requests, and any recommended legislation must include a plan to broaden

 the tax base so that it is reflective of the diversity of the state’s economy;

 and be it further

   Resolved, That the Task Force shall develop one or more definitive

 proposals to carry out the state’s need to provide additional revenue for

 state programs, to stabilize the tax base and to reduce the long-term

 structural deficit of the state budget; and be it further

   Resolved, That the Task Force on Tax Policy in Nevada shall, on or

 before November 15, 2002, submit a report of the results of its review and

 any recommendations for legislation to the Governor and the Director of

 the Legislative Counsel Bureau for transmittal to the 72nd session of the

 Nevada Legislature.

 

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