January 29, 2009

Music downloads could face a tax in NC

North Carolina could soon be taxing people who download music, ringtones, movies, and software.

Tuesday, the Revenue Laws Study Committee met with the Legislature to suggest that the state and local tax be applied to the electronic transactions.

... If the tax is added, NC could collect $8 million next year while local governments could collect nearly $4 million.

[via WECT]

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