NV Hotel-Casino Industry's Contribution to State General Fund Revenues - FY 2012

General Fund Revenue Source* Total Collections Hotel-Casino
Industry Contributions
Hotel-Casino
Industry as a
Percent of Total
Taxes and Selected Industry Fees and Charges
Branch Bank Excise Tax $3,047,528 $0 0.0%
Business License Fee $64,790,426 $5,767,830 8.9%
Business License Tax (Phased Out) $597 $0 0.0%
Cigarette Tax $82,974,853 $15,031,314 18.1%
Gaming Taxes $686,450,412 $686,450,412 100.0%
Governmental Services Tax $62,358,153 $29,557,765 47.4%
HECC Transfer (Higher Education Capital Fund) $5,000,000 $5,000,000 100.0%
Insurance Taxes $237,858,943 $24,810,660 10.4%
Liquor Tax $40,649,951 $15,262,951 37.5%
Live Entertainment Tax $136,982,047 $125,337,855 90.4%
Mining Taxes and Fees $120,425,485 $0 0.0%
Modified Business Tax (MBT) – Financial $20,717,296 $0 0.0%
Modified Business Tax (MBT) - Nonfinancial [1] $348,943,337 $78,502,830 22.5%
Other Tobacco Tax $8,274,310 $1,498,933 18.1%
Real Property Transfer Tax [2] $48,373,678 $0 0.0%
Sales and Use Tax $875,596,070 $274,324,249 31.3%
Total Tax Revenue $2,742,443,087 $1,261,544,800 46.0%
Other Revenue $339,325,087 $33,723,353 9.9%
Total $3,081,768,174 $1,295,268,152 42.0%

*Note: Reflects collections within the Nevada general fund and excludes taxes, fees and other charges that inure to the benefit of other state and local municipalities; [1] The modified business tax is a tax on gross payroll, less a deduction for employer-provided health care coverage. Because the hotel-casino industry provides such a significant share of these benefits to its employees, the industry’s share of modified business tax collections is lower than its share of employees; [2] Assumed to be zero due to a lack of available data; Sources: Economic Forum; LVCVA; Nevada Gaming Control Board, Quarterly Statistical Report; Department of Taxation and Applied Analysis