Nevada Raises Cigarette Taxes

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Nevada Raises Cigarette Taxes

RENO, Nev. -- Cigarette and liquor taxes will rise in Nevada, as regulations that will enable the state to collect more than $110 million in new live entertainment taxes got a final endorsement Thursday from the Nevada Gaming Commission, according to an Associated Press report.

There was little discussion as the commission voted on the rules that had been approved previously by its investigative arm, the state Gaming Control Board, and by the state Tax Commission and Legislative Commission

The rules, the result of four months of hearings and workshops, implement a key provision of SB8, the controversial plan approved last summer by state lawmakers that's designed to generate a record $833 million in new revenues during the two-year budget cycle that opened July 1.

Also in the tax package are new levies on payrolls, real estate and other revenue sources.