Module 12 Flashcards
Mining pays _____ percent of Nevada taxes
Gaming pays _____ percent of Nevada taxes
- 5% of Net proceeds
16. 7. 8.25% of gross proceeds
Nevada constitution limits debt to ____ of assesses valuation
Lotteries allowed?
Personal income tax?
Business profit tax?
2%
No
No
Yes
In the Nevada constitution registration fees and gasoline taxes must be used for road construction?
True
In the Nevada constitution, there is a uniform rate of property taxes (except for mines)
True
In the Nevada constitution there is an inventory tax on warehouses?
False
Henry George
Single tax on land
Taxes on income and capital distort economic activity
Does the Nevada constitution allow a tax on vacant land?
Yes but Nevada doesn’t do it on highest and best use
Who can vote according to the Nevada constitution?
All citizens of age of 18 years who shall have actually, and not constructively resides in the state six months and in the district or county 30 days next preceding any election
Describe Nevada government structure
Has an assembly and a senate (gang of 63) who meet every other year for no more than 120 days and are term limited to 12 years
Keli case
Little old lady forced to sell her home because the city wants to make more tax revenue. US Supreme Court says OK
Rather case
Developer named ratner who built the Barclays center. NY Supreme Court said that the outcome was a product of a rigged system characterized by political appointees to public corporations relying upon studies paid for by developers yet it was approved
These two studies started changes in the constitutions of states to stop this stuff
What changes to the Nevada constitution took place as a result of scandals from eminent domain
Public use shall not include the direct or indirect transfer of any interest in property taken in an eminent domain proceeding from one private party to another private party.
In all eminent domain actions, the government shall have the burden to prove public use
Land must be valued at highest and best use
Schools in Nevada are funded by property taxes?
True
Describe Nevada constitution
- has bill of rights similar to federal bill of rights
*inalienable rights
*slavery prohibited
*freedom of religion
*right to bear arms for security and defense, lawful hunting and recreational use
*trial by jury
free speech and free press
**truth is defense
*unreasonable search and seizure
Supports all US constitution rules on rights of accused
