Nevada lawmakers file initiative similar to California's Proposition 13

Former Nevada Assembly members Sharron Angle and Don Gustavson have filed yet another version of their initiative designed to impose California's Proposition 13 on Nevada.

This is the third version of the petition the group has filed with the Secretary of State's office this year. The others were pulled because of errors and challenges by the AFL-CIO to their constitutionality. In addition, the two have tried twice before to get the issue on the Nevada ballot as well as trying in at least three sessions to get the proposed question through the Nevada Legislature.

Angle said the group has made every effort to satisfy the complaints by the union and make changes to the proposed constitutional amendment.

Gustavson said the issue now is that they have less than three months to collect the nearly 60,000 signatures needed to get on the ballot. The deadline is May 20 to submit signatures.

The plan would limit property tax increases to no more than 1 percent per year. Nevada's current law permits up to 3 percent on a person's primary home but up to 8 percent on businesses. However, Angle's plan would reset a home's tax bill to market value every time it is sold. Current Nevada law doesn't bump up the tax bill when a home is sold.