Loophole Closing
2011-05-18 - by
I said: Who ever heard of Republicans saying increasing fees $150 million isn’t a tax?
And the former legislator sitting across the table said: You missed the real tax increase.
I blinked: Come again?
It turns out for years private colleges – like Campbell and Queens and Peace and Meredith – haven’t paid sales taxes. But Speaker Thom Tillis’ budget changes that.
You mean, I said, the House passed a tax increase on private colleges?
Wrong, again, the former legislator said. That’s not a tax. That’s a loophole closing. Or at least that’s what the House Leadership calls it.
Loophole Closing
2011-05-18/
I said: Who ever heard of Republicans saying increasing fees $150 million isn’t a tax?
And the former legislator sitting across the table said: You missed the real tax increase.
I blinked: Come again?
It turns out for years private colleges – like Campbell and Queens and Peace and Meredith – haven’t paid sales taxes. But Speaker Thom Tillis’ budget changes that.
You mean, I said, the House passed a tax increase on private colleges?
Wrong, again, the former legislator said. That’s not a tax. That’s a loophole closing. Or at least that’s what the House Leadership calls it.