Mining Through Uncertainty

Nevada Modified Business Tax In Millions $700 Modified Business Tax rate was scheduled to decrease this year ■ Rate decrease eliminated in 2019 Nevada Legislature ■ Estimated that this extension will generate $98 million of additional revenue over the biennia Pending lawsuit alleges that taxes were raised without the two-thirds majority as required by the Nevada Constitution Source: Nevada Governor's Finance Office; Las Vegas Review-Journal $600 $500 $400 $300 $200 $100 $0 FY FY FY FY FY FY FY FY FY FY '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 NEVADA MINING THROUGH UNCERTAINTY Mining Association 106 APPLIED ANALYSIS

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