But Cort Christie, VP of the Nevada Resident Agents Assocation -- the trade group representing those Nevada residents who serve as officers or merely document collectors for out-of-state corporations with headquarters in Nevada -- says he'll urge companies to set up their HQs elsewhere if Kenny Guinn's gross-receipts tax and increases in business fees passes the Legislature. These companies comprise 80 percent of the corporations registered in Nevada. (Full disclosure: I briefly served as a resident agent as a favor for an out-of-state friend who's a CPA and had clients who wanted a Nevadan to serve as resident agent until they actually established a physical presence in the state.)
Christie says his members would support a doubling in renewal fees, but the other taxes would drive RAs out of state. $100 million ain't peanuts ... particularly when it's easy money for the treasury.