I noticed recently that our state legislatures managed to find time to repeal this law that allowed hardworking parents and students a 4.75 % sales tax break for one weekend every year -just as students are preparing to return to school.
I am disgusted that they wasted no time in changing this law that helped families in our state. They hurried to protect their tax money, while so many other issues are just left on the table or ignored.
This tax holiday was only on educational items, basic technology, and clothing necessities – not on luxury items, so those most affected will be parents and students who truly valued saving that small amount, including the 6% of NC families that are out of work completely.
Workers in North Carolina already earn an average salary that ranks toward the bottom half of our nation. In fact, their wages are, on average, 8.8 percent lower than the national average of $45,230 per year.
All this while we continue to see large state and local tax breaks for corporations. You can go here to see the number of tax incentives available to businesses in our state.
I am aware of very few state tax breaks or incentives that are available to individual workers and their families and now there is one less!
Current Events Commentary
IMPORTANT NOTICE: AUGUST SALES TAX HOLIDAY REPEALED
Effective July 1, 2014, N.C. Gen Stat. § 105-164.13C, which provides a sales and use tax
holiday for the first weekend in August, is repealed per Session Law 2013-316. The
following items of tangible personal property if sold between 12:01 A.M. on the first Friday of August and 11:59 P.M. the following Sunday are no longer exempt from sales and use tax under N.C. Gen. Stat. § 105-164.13C…