skip to main content
skip to newscasts

Saturday, April 20, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; the importance of healthcare decision planning; and a debt dilemma: poll shows how many people wrestle with college costs.

view newscast page
play newscast audioPlay

Civil rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump, and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

New NC Tax Laws are Taxing, Say Experts, Businesses

play audio
Play

Monday, December 30, 2013   

ASHEVILLE, N.C. - A slightly larger pay check is what some North Carolinians will find at the start of the new year, as the state transitions to a flat-rate personal income tax in 2014. There will be new taxes on things like tickets at movie theaters and servicing furnaces and air conditioners.

Alexandra Sirota, director, N.C. Budget and Tax Center, said for many North Carolinians, the tax changes could cost in the long run.

"In some cases, it may be a slight change, but that slight dollar amount makes a real difference for families struggling to get by month-by-month and week-by-week," Sirota said.

Service contracts will be taxed at the general rate of 7 percent and there will be a 4.75 percent tax on tickets to entertainment events such movies and live shows.

Mike Rangel is the co-owner of the Asheville Brewing Company, which also shows movies at a reduced rate of $3. The increased tax amounts to 12 cents per ticket at his theater, which is a cost he'll absorb.

"I can definitely understand the pressure of finding new sources of revenue, but I feel like 4.5 percent in one big jump is a lot for a lot of theaters and entertainment places to take on," Rangel said.

Other theaters reported they will add a surcharge of 50 cents or $1 more per ticket.

Based on her analysis, Sirota said, North Carolina's new tax plan will actually reduce the money available to the state's economy and limit growth.

"What the tax plan actually does is reduce the available revenue to the state, so we will see a reduction in available dollars by almost $650 million, when it's fully implemented," she explained.

Certain tax deductions will also be eliminated starting this year, including the up to $5,000 in deductions allowed for families contributing to their child's 529 college savings plan.


get more stories like this via email

more stories
The Bureau of Land Management's newly issued Public Lands Rule is designed to safeguard cultural resources such as New Mexico's Chaco Culture National Park. (Photo courtesy SallyPaez)

Environment

play sound

Balancing the needs of the many with those who have traditionally reaped benefits from public lands is behind a new rule issued Thursday by the Bureau…


Health and Wellness

play sound

Alzheimer's disease is the eighth-leading cause of death in Pennsylvania. A documentary on the topic debuts Saturday in Pittsburgh. "Remember Me: …

Social Issues

play sound

April is Financial Literacy Month, when the focus is on learning smart money habits but also how to protect yourself from fraud. One problem on the …


Outdoor recreation added $11.7 million to the Arizona economy in 2022, according to the U.S. Bureau of Economic Analysis. (Adobe Stock)

Environment

play sound

Arizona conservation groups and sportsmen alike say they're pleased the Bureau of Land Management will now recognize conservation as an integral part …

play sound

Across the U.S., most political boundaries tied to the 2020 Census have been in place for a while, but a national project on map fairness for …

The 2023 Annie E. Casey Foundation Data Book ranked Arkansas 37th in the nation for education, and said 56% of young children were not in preschool programs to help get them ready for school. (Adobe Stock)

Social Issues

play sound

The need for child care and early learning is critical, especially in rural Arkansas. One nonprofit is working to fill those gaps by giving providers …

Environment

play sound

An annual march for farmworkers' rights is being held Sunday in northwest Washington. This year, marchers are focusing on the conditions for local …

Social Issues

play sound

A new Gallup and Lumina Foundation poll unveils a concerning reality: Hoosiers may lack clarity about the true cost of higher education. The survey …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021