[ClearCase_guy]

No matter the price of gold and no matter how much of it mining companies take out of Nevada, its tax rate remains the same because of that exemption in the constitution.

Am I missing something? I remember way back when gold was $35 an ounce. If a 5% tax were levied on that, the state would get $1.75, right? But with gold at about $1600 an ounce, the state gets $80. That seems not so bad.

This whole "no matter the price of gold" bit seems kind of crazy -- unless I'm misunderstanding this entirely. And I'm not sure that "exemption" is the right word to use if a 5% tax rate is being imposed. Limit? Perhaps. But "exemption"? I'm not sure I see it.

[sasquatch]

Lawmakers who would like to collect more from the industry say their hands are tied.

Another pesky constitution gets in the way.

[Flycatcher]

Nevada is known as the Silver State.

For a reason.

But it appears the new transplant libs are determined to ruin the historic mining dynamic of this state, and all the jobs that go with it.

When they make mining too costly in Elko and destroy that community (as well as Ely, Eureka, Battle Mountain, Tonopah, etc.) then I will propose my new name for their state they they can proudly fly on their battle-born banner: The Bankrupt State.

Bastard idiots!

[null and void]

Wrong angle guys.

Extend the self-same constitutional protections to all means of creating wealth.