It’s been 47 years since the IRS established $1,200 as the level at which W2G tax forms are issued. Is that dollar amount finally about to change?
Business
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Digging on the next tunnel of the Boring Company’s Vegas Loop has reached an off-Strip resort.
A two-story, 40,000-square-foot STEM university building that will include classrooms and a large lecture hall was unveiled by Spaceport CEO Robert Lauer.
The Las Vegas Strip casino introduced a new tier in its loyalty program, and visitors will need to reach at least that tier to receive unlimited free parking.
The Nevada attorney general has joined a federal lawsuit that could have widespread ramifications for “the sports and entertainment capital of the world.”
A bill that attempts to close a tax loophole revealed by a Review-Journal investigation passed the Legislature and awaits action by Gov. Joe Lombardo.
Experts say the legislation to close the transfer tax loophole will not result in a significant increase in the payments.
Nevada lawmakers are looking to close a loophole that has let casinos and other big property owners avoid paying transfer taxes.
Lawmakers introduced the bill in response to a Review-Journal investigation that showed some of the largest real estate transactions did not pay a transfer tax.
Proposed legislation would ensure the tax still applies if the property is transferred to a business entity that was “formed for the purpose of avoiding those taxes.”
It was the latest high-priced deal in Las Vegas that did not produce transfer tax revenue that supports schools and low-income housing in Nevada.
Las Vegas has seen numerous lucrative sales involving casinos, land and other sites mostly on or near the Strip that did not produce a dime in such revenue.
Complex transactions without transfer taxes frequently cite an exemption allowed under state law for entities that transfer property to a subsidiary.
The initiative, Home Means Nevada, marks the “largest single investment in affordable housing” in state history, according to the governor’s office.
An estimated 9.6 percent of the Las Vegas area’s workforce was unemployed last month, compared with 6.1 percent nationally.
Las Vegas is largely defined by its ability to defy expectations, and recent forecasts predicting a decline in its appeal to younger travelers are no exception. Contrary to these gloomy predictions, which suggest that an aging core visitor base might render the city’s 150,000 hotel rooms less appealing to new generations, the reality is strikingly […]
The Las Vegas Strip casino introduced a new tier in its loyalty program, and visitors will need to reach at least that tier to receive unlimited free parking.
The Nevada attorney general has joined a federal lawsuit that could have widespread ramifications for “the sports and entertainment capital of the world.”
Harry Reid International Airport said its parking was in “high demand” this weekend, and expected Terminal 1 long term and economy parking to be at capacity.
Virgin Hotels shared details of its last proposal Culinary Local 226, but union officials called the move a “publicity stunt.”