Cigarette, cable TV taxes would increase

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I can see it now a bill for two to the damn movies will cost $50!Thanks Easley! :-)

Tax policy changes in Gov. Mike Easley’s proposed fiscal 2005-06 budget:

  • increase cigarette tax by 35 cents to 40 cents per pack on Sept. 1.
  • keep half-cent sales tax that is set to expire July 1.
  • first step in phase out of higher income-tax bracket, from 8.25 percent to 8 percent.
  • raise sales tax on telecommunications services from 6 percent to 7 percent.
  • raise sales or franchise tax on satellite and cable television from 5 percent to 7 percent.
  • raise sales tax on liquor from 6 percent to 7 percent.
  • apply 7 percent sales tax to candy.
  • make newspaper sales tax uniform.
  • raise movie, live performance sales tax to 7 percent.
  • exempt farm machinery and fuel from sales tax.

Source: Associated Press

Cigarette, cable TV taxes would increase

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