Governor Perdue Makes it Hard to Do Business in NC
Department of Revenue Mistake Could Cost Small Businesses
Raleigh, N.C. – On the heels of a sales tax increase during this year’s legislative session, North Carolina businesses are finding themselves at a disadvantage not just in selling their products but also in reporting their tax collections.
Although the sales tax increase went into effect on September 1, the N.C. Department of Revenue has failed to produce the forms reflecting the higher tax rate for businesses throughout the state. Now administration officials are scrambling to try to inform businesses of the new burdens before they file their sales reports for October. If businesses fail to file using the new higher tax rate, they could be charged interest on any amount they do not include in their October reports.
Senate Republican Leader Phil Berger (R-Rockingham) made the following statement:
“Governor Perdue is raising taxes faster than the forms and instructions can be printed. If that doesn’t show taxes on North Carolina’s families and businesses are too high, I don’t know what does. We cannot hope to see increased job creation in North Carolina’s economy when Governor Perdue and her Democratic allies in the General Assembly make it this hard for small businesses to operate.”Tweet