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Multistate Tax Alert: New Lawsuit Filed in Opposition to Proposed Margin Tax


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On June 20, 2012, we issued a Tax Alert summarizing an initiative proposing the enactment of a Nevada margin tax.

In this Tax Alert we discuss the latest developments regarding the proposed tax, including a decision issued by the Carson City District Court in the initial lawsuit filed in opposition to the tax by the Committee to Protect Nevada Jobs (the “Committee”), and the Committee’s filing of a second lawsuit on August 22, 2012.

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