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:For ESPN reporter Holly Rowe, the job’s the thing, not cancerFriday October 21, 2016College basketball's 5 biggest rule changes this seasonFriday October 21, 2016Report: NBA's one-and-done rule to stay in new CBAThursday October 20, 2016Midseason College Football Report: Pleasant surprises, flops, halfway HeismanThursday October 20, 2016Former UVA receiver alleges hazing, files complaintThursday October 20, 2016