Published Thursday, Jan. 31, 2013 | 9:17 a.m.
Updated Thursday, Jan. 31, 2013 | 3:11 p.m.
The Nevada Supreme Court today upheld an initiative petition backed by the Nevada State Education Association that seeks to create a margins tax on business revenue, overturning a lower court decision invalidating the initiative. The decision means the margins tax proposal will head to the Legislature, which will have 40 days to decide whether to enact it. If the Legislature decides not to approve the initiative, it will go to voters in 2014. Last year, the Carson District Court found the petition's 200-word description of effect-- a brief summary of what an initiative would do-- to be misleading and incomplete, ...
Reporter Cy Ryan contributed to this story.