Governor's Task Force on Tax Policy in Nevada (ACR 1 of the 17th Special Session)
Summary
The Governor’s Task Force on Tax Policy in Nevada was created by Assembly Concurrent Resolution 1 (ACR 1) of the 17th Special Session (2001). The Task Force was charged with examining the potential structural deficit due to disparity between the growth in general fund revenues from the state’s current revenue sources and the growth in public spending needed to maintain current governmental services to the people of the State of Nevada. ACR 1 required the Task Force to identify changes to the current tax structure or development of new taxes that broaden the state’s tax base and reduce reliance on volatile or cyclical revenue sources. The resolution required that a final report including the recommendations of the Task Force be provided to the Governor and the Legislature by November 15, 2002.