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Posted At : February 25, 2009 09:40 AM | Posted By : D McKee
Related Categories:
Economy,Taxes,Politics
A reader writes:
I certainly hope the Nevada Assembly doesn't vote to start taxing comps. I see where the House voted to increase the room tax by 3 percent, but since I don't pay for rooms, this is moot for me.
Now, if they start taxing comps (it pays to pay with points rather than "charging" your food, etc. to your room, because by paying with your points as you go you do not incur sales tax), that would be a killer. If something is free, it's free. Even the IRS doesn't bother with comps .... unless you're an idiot and claim them as "income!"
That hasn't been proposed in quite those terms. But during last year's emergency session of the Lege, Gov. Jim Gibbons' Big Idea was to start taxing casinos for comped meals, a notion that's likely to find bipartisan support in the current Lege. Which would start us down the primrose path to a scenario in which all promotional allowances are, through some tortured rationalization, deemed taxable. We haven't reached that point but I certainly wouldn't rule it out, especially given Nevada's propensity for "Don't tax you, don't tax me, tax that guy behind the tree!"
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