New state of North Carolina ticket tax for sporting events coming Jan. 1

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


Recent ACC & NCAA News:

LSU fans get emotional, cry during Les Miles' (final?) live radio show

Harry Giles leaves Oak Hill, will finish high school online

How Frank Beamer's football program fuels southwest Virginia

King Rice's Monmouth Team Makes Notre Dame Its Second Upset Victim of the Season

Jahlil Okafor involved in street fight outside Boston night club (with video)

© 2005-2015 Tar Heel Times | Contact | Privacy Policy | Site Map | RSS | Did UNC Win?

Tar Heel Times is an unofficial resource for UNC fans and is not affiliated with the University of North Carolina.