SPARKS, Nev, February 25, 2014 – Nevada Farm Bureau Federation has joined the Coalition to Defeat the Margin Tax Initiative. The Coalition to Defeat the Margin Tax Initiative is a statewide coalition representing thousands of small and large employers, farmers, ranchers and other concerned Nevadans.
Nevada Farm Bureau policy strongly opposes a gross business tax. Under the Margin Tax Initiative, every business with total gross revenue exceeding $1 million per year would be subject to a new 2% Margin Tax. These businesses would be taxed regardless of whether any of their revenue is actual profit.
“Nevada Farm Bureau has joined this coalition because our member-developed grassroots policy opposes a gross business tax,” said Nevada Farm Bureau President Hank Combs. “The Margin Tax Initiative is a giant tax increase that would hurt all businesses in Nevada especially farms and ranches.”
To learn more about Coalition to Defeat the Margin Tax Initiative and to gain information about the Margin Tax Initiative please visit www.stopthemargintax.com.