NV board recommends money for tax study

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CARSON CITY (AP) - The state Board of Examiners has endorsed spending $500,000 to fund a study sought by the Legislature on Nevada's revenue structure, though officials say the actual cost could be more or less than the approved amount.

Gov. Jim Gibbons, chairman of the board that also includes Secretary of State Ross Miller and Attorney General Catherine Cortez Masto, voted against the expenditure, saying it was premature because no contract has yet to be approved.

A legislative subcommittee has received eight bids, ranging from $32,000 to $900,000, to perform the analysis that is due by July 1.

The Legislature's Interim Finance Committee is expected to meet Nov. 19, if not sooner, to award a contract.

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