Car Rental Tax OK'd

Kelemen, Jasmina
February 2005
Bond Buyer;2/25/2005, Vol. 351 Issue 32078, p33
Trade Publication
The article reports that the Clark County, Nevada, Commission late last week approved a rental car tax hike that could pave the way for $85 million of bonds to finance a performing arts center in Las Vegas. Construction of the downtown facility hinges on supporters raising more than $100 million in private donations from local art patrons. The bonds will not be issued unless sufficient private contributions are raised. If issued, the bonds would be paid back over a 30-year period and secured solely by the car tax levy. The 2003 Legislature authorized the Clark County Commission to raise a tax on rental cars by 2% and to use the money to build a performing arts center and a training facility for culinary workers.


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