The Live Entertainment Tax might be jeopardizing the 2014 edition of the Electric Daisy Carnival, but that's not going to stop the 2013 version from happening from June 21 to 23 in Las Vegas. The carnival brings in hundreds of millions of dollars for Clark County and attracts a huge crowd, so it seems beneficial for the state to rethink its position on the tax.
Electric Daisy Carnival 2014 may already be in jeopardy, due to a new tax reform being debated by Nevada's State Legislature.
According to Las Vegas Weekly, the live entertainment tax, which currently stands at 10% for most events, not including EDC LV, could become a universal mandate for all events held in the state. The three-day electronic music festival, run by Insomniac Events, has been able to avoid the surcharge largely because of an exemption loophole applied to outdoor mass gathering events such as EDC.
Insomniac Events founder and CEO Pasquale Rotella, recently released a statement addressing the news.