Yes, tobacco distributors, wholesalers and retail dealers, as well as alcohol wholesalers and importers who file their tax reports and payments on time may deduct 2 percent from the amount due, according to a recent report by the State Employees Association of North Carolina.
The association’s “Take Pride in Carolina Report” indicates the state could save $8.8 million a year if it closed that tax loophole. The report cites N.C. General Statutes 105-113.21(a1), 105-113.39(a) and 105-113.85.
The State Employees Association drafted the report to point out ways the state could close a budget shortfall without laying off state workers. Closing that loophole was one of the suggestions in the report.
Why isn’t the average citizen given the same discount? Because state law doesn’t allow it.
Date posted: March 4, 2011
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