When Catherine Cortez Masto became the first Latina elected to the United States Senate, some of Nevada’s political class called her “the senator from Clark County.” Her victory map from November 2016 looked like a cupful of water at the tip of an upturned gas can. Clark was the only county Cortez Masto won. It’s home to the Las Vegas Valley, 2.2 million people, and 70 percent of the state’s electorate. By running up the score in Clark, she did enough to overcome losses in rural counties and a narrow defeat in Washoe County, which encompasses Reno. ...How to Win Nevada, by Dan Hernandez, POLITICO, October 27, 2018.
Libertarians, voters concerned about gun rights and federal land use, evangelical Christians, Mormons, and the business community are [Heller's] bedrock support. ...
[Rosen] may need “The [former Nevada Senator Harry] Reid Machine,” the coalition of union members, their families, and former campaign aides to Harry Reid who are actively canvassing in Reno and Las Vegas, to outdo itself. ...
The race may come down to the margin in “The Biggest Little City in the World”—Reno and its suburbs. Cortez Masto lost Washoe County, but by falling within 2 percentage points there, she kept intact the statewide lead she built in Clark County. This might explain why Heller has spent significant money claiming Rosen is in thrall to the ultimate Washoe County and Interior West boogeyman: California.
“That plays to the libertarian strand in Nevada,” says David Fott, a political scientist at the University of Nevada, Las Vegas. “It’s the fact that California is overwhelmingly Democratic, hostile to libertarianism, with high taxes, high cost of living, what some people have left California to escape.”
Thursday, November 1, 2018
Monday, October 29, 2018
[P]eople in expensive, high-tax coastal markets including San Francisco, New York, Los Angeles and Washington, D.C. searched for homes in metros like Phoenix, Las Vegas and Miami, where taxes are lower and housing is more affordable ....Migration to Low-Tax Metros is Accelerating as More People Looked to Leave Expensive Coastal Areas in the Second Quarter by Alina Ptaszynski, Redfin.com, September 12, 2018
Las Vegas, another low-tax haven, had the highest share of non-local searches. Forty-one percent of the people searching for homes in Las Vegas were searching from outside the metro area. Nearly 40 percent of these inbound searches originated in Los Angeles, followed by the San Francisco Bay Area (12%), Portland, Oregon (8%), and Seattle (5%). The influx of new residents to the area is causing prices and competition to accelerate. Median home prices in Las Vegas rose by 11 percent in July year over year, marking 17 months in a row of double-digit price growth.
“Affordability definitely plays a role in home searchers considering Las Vegas as their new home city,” said Nicole Lazarski, a Redfin agent in Las Vegas. “Even though home prices are climbing fast, they have still not returned to their 2007 height. With a median sale price around $270,000 in July, plus Nevada’s low property taxes and lack of a state income tax, it’s a very attractive place for people looking to leave California and other expensive places.”
In Las Vegas, the typical homeowner pays $1,500 (0.8%) in property taxes and about 8 percent in local sales taxes, with no state income tax, whereas in Los Angeles, the respective amounts are $3,600 (0.8%) property taxes, about 9 percent sales tax rate, and 8 percent state income tax rate.
Tuesday, September 18, 2018
Monday, May 21, 2018
This ruling is a valuable tool for Nevada employers if properly deployed.
Saturday, April 1, 2017
Washoe County (Reno, Sparks, Incline Village) and Clark County (Las Vegas, Henderson), Nevada 2017 Sales Tax Increases
The sales and use tax rate for Washoe County, Nevada (including Reno, Sparks, and Incline Village) increases from 7.725% to 8.265%, and
the sales and use tax rate for Clark County, Nevada (including Las Vegas and Henderson) increases from 8.15% to 8.25%.
Nevada businesses are responsible for collecting and remitting the correct amount of sales and use tax to the state. Business owners with questions should contact a Nevada business attorney, their accountant, or the Nevada Department of Taxation: (866) 962-3707.
Thursday, June 25, 2015
[When] the members’ relationship turned bitter .... shortcomings in the operating agreement also contributed significantly to the parties’ legal postures and willingness to risk litigation.... I’m not suggesting that every lawyer-drafted LLC agreement is a model of perfection, but I found ... that a standard form operating agreement being sold online by a major company to the unknowing public as a more affordable alternative to using a lawyer ... suffer[ed] from such a fundamental flaw that, in the end, only intensified the parties’ legal conflict.LegalZoom LLC Agreement: Bargain or Blunder?
Friday, June 19, 2015
The tax package that was enacted to balance the state budget also makes "temporary" increases in the sale tax and payroll taxes permanent.
Nevada does not have a state-level corporate tax.
For new incorporations, it may be possible to avoid the increased fee by selecting an LLC instead (when appropriate). For existing Nevada corporations, there are some other alternatives to consider, the complexity of which will vary depending on the client's circumstances - please contact me to discuss these.