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P. 1
PTIA Overview

PTIA Overview

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Published by Jim Cox

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Published by: Jim Cox on Jun 28, 2012
Copyright:Attribution Non-commercial

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04/16/2013

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Revenue Sources to Eliminate School Property Taxes
 
State Personal Income Tax increase from 3.07 percent to 4 percent
 
State Sales and Use Tax increases from 6 percent to 7 percent
o
 
Sales and Use Tax
special interest
loopholes closed
o
 
SUT expanded to include some currently exempt products and services
 
Existing gambling revenues
Sales Tax Loopholes to be Closed
Special
loopholes
or SUT exemptions for the following products and services would be closed:Candy and gumNewspapersMagazinesLiquor or malt beverages purchasedfrom a retail dispenserCharges for returnable containersCaskets and burial vaultsFlagsTextbooksAirline cateringCoin-operated food and beveragevending machinesHotel permanent residentsHorsesConstruction of memorialsStorageBad debtUniform Commercial Code filing feesRental of films for commercialexhibitionInvestment metal bullion and investmentcoinsCatalogs and direct mail advertisingDry cleaning and laundry servicesPersonal care servicesFuneral parlors, crematories and deathcare servicesSpectator sports admissions (excludesschools)Theater, dance, music and performingartsAmusement and recreation industriesMuseums, historical sites, zoos andparksTransit and ground transportationAir transportation
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