New state of North Carolina ticket tax for sporting events coming Jan. 1
Sun Dec 29, 2013
A new law taking effect with the new year will extend a 4.75 percent state sales tax to tickets for entertainment events, including college and professional sports. News 14 reports that teams such as the Carolina Hurricanes with the NHL have been fighting the tax for years, with team Senior Vice President and General Counsel William Traurig telling the station that the team can't absorb the additional cost, which will be passed along to fans.
(Triad Business Journal
Share: Facebook | Twitter | Email
Related: Other News
Recent ACC & NCAA News:Texas leading scorer Andrew Jones out indefinitely with wrist fractureMonday December 11, 2017College Football Playoff and Bowl Schedule: Complete List of All 40 Bowl GamesMonday December 11, 2017Coach K, Duke learning the lessons of relying on youthMonday December 11, 2017King Rice-John Calipari relationship reaches MSG, 30 years after it startedSunday December 10, 2017Chad Morris will hit the ground running (and passing) at ArkansasSunday December 10, 2017