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Joe Lombardo on Tax Reform

 

 


Raise Commerce Tax exemption; suspend fuel tax

I'm proud to announce my budget suspends the state motor vehicle fuel tax for the next 12 months, immediately reducing the price of gasoline and saving consumers and businesses approximately $250 million dollars. In terms of a family of four, that translates to hundreds of dollars a year in savings. Working with local gas station operators, the petroleum industry, and the Attorney General's Consumer Affairs Division, we will make certain that these savings exclusively benefit taxpayers.

My budget lowers the modified business tax rate by 15% to 1.17%. My budget raises the exemption for businesses subject to the Commerce Tax by 50% from $4 million to $6 million. This represents the first time the Commerce Tax exemption has been adjusted in favor of taxpayers EVER. These tax reductions ensure that rising prices don't create increased burdens for businesses. No gimmicks. Just plain old fashion tax cuts that allow Nevadans to keep more of what they earn.

Source: 2023 State of the State Address to the Nevada legislature , Jan 23, 2023

Open to tax reform, but not increase in state revenue

Lombardo said he is open to tax reform, but not in a way that increases revenue. "What do I mean by that is: can we do a better way of doing business?" he said. "No increase in revenue -- reallocation." Lombardo said he would not be open to a property tax hike as a way to increase funding for schools but would consider reevaluating the process of how property taxes are calculated.
Source: The Nevada Independent on 2022 Nevada Gubernatorial race , Mar 30, 2022

Joe will veto any new tax increase

Joe will veto any new tax increase.
Source: 2021 Nevada Governor campaign website JoeLombardoForNV.com , Oct 21, 2021

There's always another way instead of raising taxes

On the mining tax increase that will funnel hundreds of millions more dollars to education, he said there was "always another way" instead of raising taxes, repeated his no-new-tax pledge. He said the state's tax structure is sound and needs time to prosper. "We don't want to make decisions on the heels of a pandemic, you know?" he said, adding later: "I personally believe there's fluff available in any government."
Source: Las Vegas Review-Journal on 2022 Nevada Gubernatorial race , Jun 30, 2021

Other governors on Tax Reform: Joe Lombardo on other issues:
NV Gubernatorial:
Aaron Ford
Adam Laxalt
Dean Heller
John Jay Lee
Michele Fiore
Steve Sisolak
NV Senatorial:
Adam Laxalt
Catherine Cortez Masto
Jacky Rosen
Jim Marchant
Sam Brown

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Page last updated: May 18, 2026; copyright 1999-2022 Jesse Gordon and OnTheIssues.org