Gov. Easley Announces State Sales Tax
Means Holiday Savings
Tax Reduction On Dec. 1 Will Stretch Consumer Dollars in North Carolina
RALEIGH – Gov. Mike Easley today announced that North Carolina
consumers will see savings at the checkout counter from a cut in
the state sales tax rate that goes into effect Friday, Dec. 1. The
state sales tax rate will drop from 4.5 percent to 4.25 percent.
Gov. Easley recommended the cut in the sales tax that the General
Assembly approved this year.
“This tax cut provides almost $200 million in tax relief for
North Carolinians a year,” Easley said. “As consumers
go about their holiday shopping, they will see their hard-earned
dollars can stretch a bit farther.”
The cut does not affect the amount of sales taxes collected by local
governments. The local portion of the sales tax will remain at 2.5
percent everywhere except in Mecklenburg County, which collects an
additional half percent for public transportation.
The state sales tax rate is scheduled to decline by another 0.25
percent to 4 percent effective July 1, 2007.
For more information about the state sales tax visit the N.C. Department
of Revenue web site at www.dornc.com.
Public Affairs Office
P.O. Box 25000, Raleigh, NC 27640-0001
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Last modified on:
10/31/07 03:44:18 PM