Nevada lawmakers propose tax break for lithium development
2017-01-22 17:40:57 [Print]
BEIJING (Asian Metal) 22 Jan 17 - Several lawmakers in Nevada are proposing a tax break for lithium development.
Assemblyman Jim Wheeler, (R-Minden) and Senator Pat Spearman, (D-North Las Vegas), have made a proposal regarding the tax breaks in a bill draft request.
According to reports, the bill would seek to exempt sales tax from equipment and supplies used to explore and develop lithium. Wheeler mentioned that they are pushing for a tax break for lithium development with the aim of encouraging mining and refinement of lithium in Nevada.
Lithium extracted from Nevada is shipped overseas for processing, then shipped to the U.S . and elsewhere for use in products . The tax breaks would cover processing equipment to encourage companies to complete the production cycle entirely in Nevada.
Assemblyman Jim Wheeler, (R-Minden) and Senator Pat Spearman, (D-North Las Vegas), have made a proposal regarding the tax breaks in a bill draft request.
According to reports, the bill would seek to exempt sales tax from equipment and supplies used to explore and develop lithium. Wheeler mentioned that they are pushing for a tax break for lithium development with the aim of encouraging mining and refinement of lithium in Nevada.
Lithium extracted from Nevada is shipped overseas for processing, then shipped to the U.S . and elsewhere for use in products . The tax breaks would cover processing equipment to encourage companies to complete the production cycle entirely in Nevada.