NC Panel Proposes Tax For Electronic Transactions

North Carolina could soon be taxing people who download music, ringtones, movies and software if a legislative committee gets its wish.

The Revenue Laws Study Committee recommended Tuesday to the full
Legislature that the state and local sales tax be applied to these
relatively new electronic transactions.

Current law generally doesn't require the tax on these products
because they're not considered "tangible personal property" or a
service.

An analysis of the proposal says the state could collect $8 million and local governments almost $4 million next year if changes were made.

The combined sales tax rate generally ranges from 6.75 percent to 7.25 percent, depending on the county.

The General Assembly reconvenes Wednesday.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by VBush Location: MHCY on Jan 28, 2009 at 04:32 AM
    Who's Fault???, Don't worry that is coming. The EPA will do a study on how much air the average human inhales in a 24 hour period. When you exhale you put out CO2. You will then have to purchase 'carbon offsets' to compensate for your personal 'carbon footprint'.
  • by WHOS FAULT??? Location: GREENVILLE on Jan 28, 2009 at 01:17 AM
    THEY WOULD TAX THE AIR YOU BREATHE IF IT WAS POSSIBLE.
  • by Anonymous Location: NC on Jan 27, 2009 at 05:50 PM
    Let me tell you something they can keep taxing all they want, but unless our salaries start going up no one will have anything. We can't keep having taxes raised and our salaries stay the same. The cost of living is going through the roof and we aren't making any more money. You can tax til the cows come home but if you don't have money to buy anything with what's the point. I completely agree with Anonymous/Greenville, that's where the money is and where it would soar through the roof.
  • by Anonymous Location: Greenville on Jan 27, 2009 at 05:39 PM
    How about they legalize marijuana and tax that, what a gold mine that would be
  • by Buzz Location: Mbx on Jan 27, 2009 at 05:17 PM
    Well let me kick this thing off. Before it's over, there will be NOTHING, absolutely nothing that wont have a tax, levi, surcharge, user-fee, or call it what you will attached to it so that our fine state government can "keep on SPENDING", like a bunch of 7 year olds in a candy store. Buzz-
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