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Wednesday, April 22, 2009
News Lower taxes for North Carolina? Kinda
Posted By Rhiannon Fionn-Bowman on Wed, Apr 22, 2009 at 2:04 PM
Wait for the "but" ...
North Carolina's Senate Democrats are set to consider a plan Wednesday that would change the state's tax system by reducing overall rates but adding taxes to many services for the first time.The Senate Finance Committee is expected to receive a proposal that would lower the sales tax rate people pay in most counties from 6.75 percent to 6 percent and reduce corporate and individual income tax rates, according to a document highlighting the potential changes obtained by The Associated Press. The 2 percent tax on food at grocery stores and other retailer also would be repealed, the document said
But the proposal, which will serve as a template for Senate leaders seeking to reform the tax system this year, also would place the sales tax on a host of services, including building repairs, warranties, information technology, moving expenses and sales of downloaded music and software.
Read the rest of this WRAL.com article here.
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