• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Nevada Business Magazine

The Decision Maker's Magazine

Subscribe Now!

  • Subscriptions
    • Print
    • Mobile App
    • Email
    • Nevada News & PR Wire
  • Features
    • New This Month
    • View Issues
    • Cover Stories
    • Feature Stories
    • Industry Focus
    • Building Nevada
    • Special Reports
    • Meet the Decision Maker
    • Press Release Wire
    • Nevada Industries
  • Departments
    • A Matter of Opinion
    • Around the State
    • Business Indicators
    • Commentary
    • Commercial RE Report
    • Crossfire
    • Expert Advice
    • Face to Face
    • Free Market Watch
    • Inside Politics
    • Power of Attorney
    • Profit & Loss
    • Speaking for Nevada
    • Tech.knowledge.me
    • The Last Word
    • Vital Signs
  • Planning Calendar
  • Advertising
    • Advertising Info
    • Advertising Staff
    • Submission Requirements
    • Online Advertising
  • Events
    • NBM Events
  • About
    • About the Magazine
    • Contact the Staff
  • Connect
    • Business Directory
    • Press Release Wire
    • Business Calendar
    • Submit Listing
    • Post Press Release
    • Add Your Event
    • Sign Up
    • Log In
You are here: Home / Departments / Crossfire / Is the mining industry paying its fair share? Monte Miller vs. Tim Crowley

Is the mining industry paying its fair share? Monte Miller vs. Tim Crowley

April 2, 2012 By Nevada Business Magazine 1 Comment

Monte L. Miller is the president of Nevadans United for Fair Mining Tax, Inc and argues that the answer is no.

In 1989, voters approved a constitutional amendment to the net proceeds of minerals tax of five percent which capped this tax at five percent in the Nevada Constitution. For 22 years, individuals and businesses have seen new taxes implemented and every fee and tax in Nevada raised, many several times. As the price of gold has moved up over 300% to over $1,600 per ounce, the mining net proceeds tax could not be raised.

Nevadans United for Fair Mining Tax, Inc. simply believes that raising the cap, not raising the tax, enables the legislature to have the mining industry participate when and if taxes are raised on individuals and other businesses.

The idea that Nevada’s mining industry has not participated in a tax increase in the last 22 years is even more profound when you consider the fact that they are mining precious metals like gold and silver, a non-renewable precious metal in the ground in Nevada. Nevadans only get one chance at a fair share when it comes to precious metals – when it’s gone, it’s gone, and the mining companies are gone too. That is the history of mining in Nevada.

Taxes on gold mining companies in the Canada’s providences range from 13% to 15%. The tax rate on precious metals mining in Colorado is 2 ¼ % of gross proceeds, plus a 4.63% corporate income tax. The bottom line is that Nevada’s taxation on the mining industry is the lowest in the United States, Canada, and many places in the world where precious metals are mined.

Nevadans United for Fair Mining Tax’s goal is to let the gold mining industry’s taxes be raised when Nevada’s legislature and Governor decide to raise taxes in Nevada. This has not been the case for 22 years.

Tim Crowley is the president of the Nevada Mining Association and argues that the answer is yes.

A Nevada businessman, Monte Miller, is promoting a potential 80-percent tax increase on all mining operations throughout the state. This narrowed focus on one industry is indicative of the shortsighted thinking that has contributed to the state’s current economic predicament.

Making our state’s budget dependent on one or two industries binds the viability of our state’s economy to the cyclical reality of those businesses, an obvious risk illustrated by the recent tourism and gaming downturns and subsequent economic fallout. Likewise, the minerals industry is subject to significant ups and downs. As recently as the first week of March, gold prices fell by nearly 10 percent in just a few days.

Today, mining in Nevada is experiencing considerable diversification. High-demand materials such as copper, molybdenum, lithium and geothermal heat are abundant in our state, and bringing these to market will greatly benefit Nevada’s economy. The capital funding for these operations, the resulting job growth from mining expansion and the resulting tax revenues from this growth could all be shut down by the excessive tax liability proposed by Mr. Miller.

Yes, mining should pay its share of taxes—and it does. Currently, mining is one of four industries – along with gaming, banking and insurance – that already pay taxes at a rate beyond what all other state businesses pay. Mining corporations pay the same taxes – sales and use, payroll and property taxes – as EVERY Nevada business, PLUS an additional $200 million per year in a net proceeds tax that no other businesses pay. Mining industry tax contributions from 2010 through 2011 will exceed $600 million. While just the ninth largest economic sector in terms of state GDP, mining pays more taxes per employee than the eight leading sectors. Mining does this while sustaining a workforce of more than 60,000 direct employees and supplier employees, and paying the highest average salaries in Nevada.

Mr. Miller is suggesting changes that would hurt the state by asking Nevadans to rely disproportionally on the volatility of commodities to provide the budgetary stability for essential services such as education, public safety and health care.

Filed Under: Crossfire Tagged With: mining, Monte L. Miller, Nevada Constitution, Nevada Mining Association, Nevadans United for Fair Mining Tax Inc., Tim Crowley

Paul Krakovitz: Intermountain Healthcare

Edward Vance: EV&A Architects

Scott Arkills: Silver State Schools Credit Union

Terry Shirey: Nevada State Bank

Online Advertorials

Online Advertorials

SNWA’s Infrastructure InvestmentsHelp Secure Access to Water Supply

Bank of NevadaFunding Will Provide Nevada Students With Financial Literacy Education

Infrastructure InvestmentsAssure Our Community’s Water Future

Roseman’s College of MedicineAddressing the Physician Workforce Shortage

Advertise With Us

Advertise With Us. more details ►

Primary Sidebar

Get important updates from Nevada Business Magazine, directly to your inbox.
Subscribe

Wild at HeartEconomic Development in Rural Nevada

Industry FocusBankers

Residential NevadaMarket Shifts

Southern Nevada CCIMPassing the Torch to the Next Generation of Professionals

Nevada News & PR Wire

  • Hon. Lisa M. Neilson (Retired) Partners With Lipson Neilson PC to Serve the Family Law Community in Three Important Roles

  • Nevada Homeowner Assistance Fund Expands Program

  • Nevada State Bank Branches Accepting Donations for Dogust Pet Supplies Drive

  • Nevada State Bank Names Marie West South Carson Branch Manager

  • Fed Up Kitchen Launches Wedding Prep Meal Service in Las Vegas

  • KPS3 Ranks on the 2022 Inc. 5000 Annual List

  • PRSA Sierra Nevada Offers Free Public Relations and Communications Counsel to Reno Area Nonprofits and Businesses at Annual Pr-To-Go

  • M.Y.S. Firm Welcomes Former Las Vegas Urban Chamber of Commerce President, Ken Evans, as Community Programs Advisor

  • Optum Care Lung and Allergy Care Adds a New Physician

  • Business Network Group to Feature Attorney Kirill v. Mykaylov as Speaker

  • Registration for AngelNV Entrepreneur Bootcamp Opens Sept. 1

  • Renewable Diesel Plant Set to Launch Operations in Northern Nevada with Potential to Save 880 Million Pounds of Carbon Emissions Per Year

  • Hope Means Nevada and Silversummit Healthplan Launch Campaign to Connect Youth at Risk for Suicide to Mental Health Resources

  • Aha! Inaugurates New Nonstop Service Between Idaho Falls and Reno-Tahoe with Free Tickets for the First 100 Passengers

  • Food Hall Vendors Announced at Reno Public Market

  • NSB’s Private Bank Report Explores Trends in Wealth Growth

  • Nugget Casino Resort Earns Top Safety Designation from the Nevada Safety Consultation and Training Section

  • NVO Construction Hires Industry Veteran Aaron West as Chief Strategy Officer

  • TheOfficeSquad Opens Henderson Location, Now Serves Businesses in Southeast Las Vegas Valley

  • Downtown Reno Partnership Names New Executive Director

  • Northcap Commercial Arranges Sale of Nevso Cove Apartments for $16,280,000

  • Free Social Events, Wellness Workshops and Fitness Classes at Optum Community Centers

  • Don’t Miss Kamer Zucker Abbott’s Next Webinar!

  • Nawbo Southern Nevada Now Accepting 2022 Women of Distinction Awards Nominations

  • CAMCO Nevada Promotes Bree McRae to Regional Director of its Portfolio Division

  • CSN Launches Six New Programs

  • Las Vegas Area Home Prices Dip for Second Straight Month

  • Faith Lutheran Begins 2022-23 Academic Year with New Principal

  • Grand Sierra Resort and Casino Honors a Selfless Medical Assistant as the Most Recent “Grand Hero”

  • Downtown Reno Partnership Announces New Marketing Manager and Office Manager

  • Kamer Zucker Abbott Elevates Kaitlin Paxton to Partner

  • KPS3 Hires Chelsea Bosco as Designer

  • Lipson Neilson’s Joseph Garin and Megan Thongkham Named 2022 Mountain States Super Lawyers

  • Open Enrollment for Upcoming Miss Silver State Pageant

  • Move 4 Less Recognizes Dream Home Art Contest Youth Winners with Party and Prizes

  • LumiZen Wellness Debuts Premier CBD Products for People and Pets Alike

  • Celebrate International Coworking Day at The Coop and Test Drive the Coworking Experience for Free!

  • aha! Reports Exceptional Operating Performance for July 2022

  • ioneer Signs Binding Lithium Offtake Agreement with Prime Planet Energy & Solutions

  • The Problem Solver Show to Interview Man Who Discovered Third Body in Lake Mead

  • Aug. 18 NAIOP Southern Nevada Breakfast Presents “The Future of the Las Vegas Strip Is Here”

  • Pilots Revealed for 2022 STIHL National Championship Air Races

  • Preparing for End of Life Workshop

  • Las Vegas Attorney Offers Free Workshop on Protecting Children’s Inheritance and More

  • CVMC Welcomes Lisa McKinney, APRN to Ironwood Primary Care

  • Realtor Nate Strager Releases Weekly Market Update as Part of His Information Campaign

  • Entertainment and Supper Club Summer Schedule at the Stirling Club Continues to Sizzle

  • Community Leader Don Snyder Elected Chairman of the United Way of Southern Nevada Board

  • Lexicon Bank Sponsors Scleroderma Sprint Event, Fueling Efforts For A Cure

  • Optum Care Cancer Care Adds a New Physician

  • Southwest Medical Adds Three New Healthcare Providers

  • International Celebrity Vocal Coach Romeo Johnson Offers Vocal Lessons To Clark County Residents

  • Team From The Problem Solver Show to Sponsor Free Ice Cream and T Shirt Give Away For Kids

  • Las Vegas Orthopedic Surgeon Offers New Treatment For Limb Lengthening

  • TSK Celebrates O’Brien Middle School Redesign Ribbon Cutting in Partnership With Cumming Group

  • Godspeed Capital-backed Huckabee Architects Invests in TSK Architects

  • Dunkin’ Presents $4,000 to Cure 4 The Kids Foundation From Funds Raised on Iced Coffee Day

  • Nevada Bankers Association Announces 2022-23 Board of Directors

  • Annie Wagner of KPS3 Earns Certificate in Principles of Public Relations

  • NAR Tabs Nevada REALTORS®­ Leaders to Serve in National Leadership Roles

  • Kamer Zucker Abbott Attorneys Selected to the 2022 Mountain States Super Lawyers® List

  • Kamer Zucker Abbott’s Next Webinar: Balancing Employee vs. Employer Rights in Divisive Times

  • Henderson Chamber of Commerce Announces 2022 Board of Directors Additions

  • De Castroverde Law Group and Findlay Subaru of Las Vegas Award $10,000 College Scholarship to Allison Hill

  • Karma and Luck Supports Ukraine Through Donation to Doctors Without Borders

  • Support Local Students and Teachers During the Greater Schools Supplies Drive

  • KPS3 Welcomes Lauren Davis to Team

  • Las Vegas-Based Neteffect Named a Top Firm by Clutch

  • Bank of Nevada Welcomes Michael Pizzi as Managing Director of Commercial Banking

  • Following Nevada Osha’s Adoption of Heat Guidelines, There Are Free Resources for Employers to Protect Employees From Heat-Related Illness and Injuries

  • aha! Launches 50% Off End of Summer Super Sale – Book Now!

  • Evolution of Healthcare with RESET IV

  • Mark Wiley Group Announces Buck Hujabre as New President of Commercial Division

  • Jim Seebock Announces Run for Henderson City Council Seat Ward One

  • WestCor Announces New Director of Marketing and Business Development

  • Home At Last™ by Nevada Rural Housing Launches New 4% Advantage Down Payment Assistance Option

  • Tilt-up construction is complete at Mountain West Industrial Park

  • Grow with Google Provides Nevada Small Businesses With Tools to Reach Customers in Changing Economy

  • Facebook Launches New “Feeds” Tab Connecting Users More Than Ever

  • Trosper Public Relations Announces New Hire in Northern Nevada

  • Emerald Island and Rainbow Club Casinos Partner With Local Woman-Owned Spirits Company to Offer ‘Super Premium Well’ Vodka

  • Greater Nevada Mortgage Provides Down Payment Assistance for Eligible First-Time Homebuyers

  • Education Non-Profit CORE Names Jordan Ashley Berkowitz as Development Director

  • ioneer Signs Binding Lithium Offtake Agreement with Ford

  • Two attorneys from De Castroverde Law Group honored as 2022 Mountain States Super Lawyers Rising Stars®

  • Grow With Google Provides Nevada Small Businesses With Tools to Reach Customers in Changing Economy

  • The NCJFCJ Recognizes the Honorable Linda Marie Bell As the 2022 Impact of the Year Recipient at Annual Justice Innovation Awards

  • Broadbent & Associates, Inc. Donates to Local Youth Hockey Team

  • Goodwill® of Southern Nevada Spreads Mid-Year Cheer with Second Annual ‘Christmas in July’ Event

  • CALVPresenting Sept. 21 Educational Symposium for Real Estate Pros Featuring Cyber Security Expert Frank Abagnale of “Catch Me if You Can” Fame

  • Goodwill® of Southern Nevada Promotes from Within

  • STIHL National Championship Air Races Participating in “A Community Thrives” Fundraising Initiative

  • Northcap Commercial Arranges Sale of Mark & Daisy Apartments for $3,800,000

  • MDX Labs Expands Operations to Include Saturdays, in Response to Clark County’s Elevated Level of COVID-19

  • Downtown Reno Partnership Announces Key Performance Indicators for Fiscal Year 2021-2022

  • Meruelo Family Scholarship Awards $12,500 to Children of Grand Sierra Resort Team Members

  • aha! Inaugurates Nonstop Flights From Reno-Tahoe to Santa Rosa

  • Helix Electric Raises Over $24,000 to Benefit Reno Charities

  • 20 Recent CCSD Grads Offered Apprenticeships at Tesla

  • REMSA Health announces promotion of four leaders within the organization



 
Submit Your News & PR | Subscribe
Submit Your News & PR

Business Connection

Business Connection Portal

Log In Sign Up

Business Connection Portal

Log In Sign Up

Nevada Business Calendar

  • Kamer Zucker Abbott Webinar on Crossing the Line? Balancing Employee vs. Employer Rights in Divisive Times
    August 18, 2022 10:00 am

    More details...
  • Special Olympics Nevada Bowl for the Gold
    August 20, 2022 11:00 am

    Location: 1301 W Sunset Rd, Henderson, NV 89014, USA

    More details...
View Full Calendar ►

Nevada Business Directory

Featured Businesses
Find a Nevada-Based Business Submit Your Business Subscribe to the Nevada News & PR Wire

Nevada Industries

Architects & Engineers
Arts & Culture
Banking
Commercial Real Estate
Construction
Credit Unions
Economic Development
Education
Financial Management
Healthcare
Human Resources
Insurance
Law
Manufacturing
Marketing
Media
Mining
Philanthropy
Residential Real Estate
Rural Nevada
Sports
Tax Planning and Accounting
Technology
Telecom
Tourism
Transportation
Utilities

Footer

Subscriptions

  • Print Subscription
  • Mobile App
  • E-mail Subscription

Editorial

  • Features
  • Departments
  • Events

Advertising

  • Advertise
  • Submission Requirements

Connect

  • Contact
  • LinkedIn
  • Facebook
  • Twitter

Copyright © 2022, Business Link LLC dba Nevada Business Magazine and Nevada Business Journal. Privacy Policy | Terms & Conditions
Nevada Web Design services by Nevada Central Media using Genesis Framework by StudioPress

    *Your Name

    *Your Email

    Phone Number

    Company

    *Subject

    *Your Message

      *Your Name

      *Your Email

      Phone Number

      Company

      *Subject

      *Your Message

        *Your Name

        *Your Email

        Phone Number

        Company

        *Subject

        *Your Message

          *Your Name

          *Your Email

          Phone Number

          Company

          *Subject

          *Your Message

            *Your Name

            *Your Email

            Phone Number

            Company

            *Subject

            *Your Message

              *Your Name

              *Your Email

              Phone Number

              Company

              *Subject

              *Your Message

                *Your Name

                *Your Email

                Phone Number

                Company

                *Subject

                *Your Message

                  *Your Name

                  *Your Email

                  Phone Number

                  Company

                  *Subject

                  *Your Message

                    *Your Name

                    *Your Email

                    Phone Number

                    Company

                    *Subject

                    *Your Message