U.S. Senator Dean Heller introduced a bill today Jan. 24, 2013, that would provide tax relief for Nevadans by permanently extending the state and local sales tax deduction. Nevada does not have a State Income Tax and uses sales taxes and fees to finance the state government.
“Taxpayers in Nevada benefit greatly from this common sense tax relief. Making the state and local sales tax deduction permanent would help ease some of the stress many middle-class families in the Silver State are feeling every day. This bill would also help encourage economic growth by attracting new business, generating jobs, and promoting investment in local economies. The Senate should move swiftly to pass this legislation so Nevadans can benefit from this much-needed tax relief,” said Senator Dean Heller.
Heller’s bill would allow for a permanent deduction of state and local sales taxes. Nevada is one of several states that have elected to use sales taxes rather than income taxes to finance government services. By making the state and local sales tax deduction permanent, the bill would help level an uneven playing field by ensuring that Nevada is afforded the same treatment in the federal tax code as states with an income tax.
A PDF copy of the bill can be read here.
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