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Sales Tax Archives

April 30, 2008

TREBIC on sales tax

The folks at the Triad Real Estate and Building Industry Coalition want you to vote for the sales tax. They've been circulating an ad on behalf of the tax, which is on the May 6 ballot (click to enlarge):

trebicad.bmp

The politics at play here is pretty simple: the legislature gave counties the authority to enact a sales tax or a property tax increase to take care of some expenses related to Medicaid, schools and what not. It's an either/or proposition. So doing the sales tax avoids the property tax, and the builders, developers and Realtors who make up TREBIC hate them some property tax.

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