Chamber Opposes Limiting Property Taxes
The Las Vegas Chamber of Commerce recently announced that it plans to oppose a petition being circulated which would limit property taxes.
In regards to limiting property taxes, the chamber believes that such limitation could “detrimentally shift Nevada’s state tax structure.” The initiative, if passed, does not guarantee a reduction in government spending. The chamber stated that the most likely result would be that lawmakers would have to increase other taxes or create new ones to pay for government services and infrastructure. Supporters argue that the measure would curb government spending.
Supporters of the proposed constitutional amendment would need to gather 83,157 signatures to qualify the initiative for the 2006 general election ballot.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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