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Staff Report SOUTH LAKE TAHOE, Calif. – U.S. Senator Catherine Cortez Masto (D-Nev.) introduced bipartisan, bicameral legislation to extend the authorization of the Lake Tahoe Restoration Act which is strongly supported by environmental agencies in the basin. The act, which has served as the cornerstone for federal funding since the original law passed in 2000, helped deliver millions in federal funding for environmental protection and habitat restoration programs. The Lake Tahoe Restoration Act was originally signed into law in November of 2000. It authorized $300 million for the restorati...

U.S. Senator Catherine Cortez Masto (D-Nev.) introduced bipartisan, bicameral legislation to extend the authorization of the Lake Tahoe Restoration Act. This Act has served as the cornerstone for federal funding for Lake Tahoe since the original law passed in 2000, helping deliver millions in federal funding for environmental protection and habitat restoration programs. “Lake Tahoe is a treasure that provides a beautiful refuge for Nevadans to enjoy while boosting our state’s tourism economy,” said Senator Cortez Masto. “This legislation has helped fund numerous restoration and conse...

US Congress to consider repealing 0.25% federal handle tax 6th April 2021 | By Robert Fletcher The United States Congress is to consider a new federal bill aiming to remove a national 0.25% excise tax on sports wagering handle. HB2350, also known as HR2350, proposes amending the Internal Revenue Code of 1986, specifically chapter 35, which relates to taxes on wagering. First introduced in 1951, the tax does not apply to horse racing or sports betting operated by state lotteries, though operators eligible for the tax must also pay a $50-per-head employee tax. Representative Dina Titus of Nevad...