Sandoval says "U.S. Must Maintain Presence in Afghanistan"

Gov. Brian Sandoval

Nevada lawmakers are vetting a revised tax plan proposed by Republican Gov. Brian Sandoval that would help fund a record expansion of K-12 education initiatives.

Lawmakers held a joint committee meeting on Thursday to vet the "Nevada Revenue Plan."

The measure raises the business license fee and ups the rate of the existing modified business tax, as proposed by Assembly Republican leaders Paul Anderson and Derek Armstrong.

The bill also adopts elements of Sandoval's earlier proposal that taxes businesses on gross revenue and industry type.

Supporters say the new plan has a better chance than the original of reaching the constitutionally required two-thirds majority vote for any tax increase.

Armstrong raised policy questions about the bill but didn't say whether he and Anderson supported the proposal. (AP)

To read more about bills in this session, click here.