Sales tax collections would grow under Senate budget plan
Just months after adding sales tax to car repairs and other services, the state Senate wants to again change what services are taxed – a move that’s expected to add up to $80 million in revenue.
Senate leaders say the proposed tax change would address confusion about what services require a sales tax. Under the legislation that took effect in March, whether a service is taxed largely depends on whether the firm performing the service is also selling materials.
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Under the Senate budget provision, sales tax would apply to repair, maintenance and installation services regardless of what type of business is involved. The Senate is scheduled to vote on the full budget bill Thursday; the House budget does not include a similar provision.
Read more: http://democratsforever.freeforums.net/thread/8740/sales-collections-grow-senate-budget
There are additional stories at the link regarding the Senate budget and its relation to the UNC system, school vouchers, state employee pay and the financial impact on citizens.