CARSON CITY, Nev. (AP) — Assembly Speaker Marilyn Kirkpatrick says it's time Nevada knows how much the state gives out in tax abatements.
The North Las Vegas Democrat on Thursday presented AB466. The bill would require the state budget director to prepare a report every two years on tax exemptions.
The report would detail the fiscal impact exemptions have had on state and local governments and how many taxpayers benefit from the tax breaks. Kirkpatrick also wants to know how much revenue would result if exemptions were repealed.
Kirkpatrick says Nevada is one of five states that don't track tax abatements.
Without such information, she says the state doesn't know how much it might be losing or the benefits it reaps.
No action was taken Thursday by the Assembly Taxation Committee.
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