margins tax

Senator Dean Heller says Nevada's goal of enticing Tesla Motors to build a $5 billion battery plant near Sparks could be thwarted if voters approve the ballot initiative for a 2 percent margins tax this November.

The Republican lawmaker says he'll voice his opposition to the margins tax strongly because of how it would raise the corporate income tax. He says the initiative would hinder one of Nevada's major advantages in the race among multiple states to reel in Tesla.