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¼ cent Sales Tax Referendum Quick Facts ►¼ cent sales tax generates approximately $460,000 for Bladen County Citizen education paid for by Bladen County.

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Presentation on theme: "¼ cent Sales Tax Referendum Quick Facts ►¼ cent sales tax generates approximately $460,000 for Bladen County Citizen education paid for by Bladen County."— Presentation transcript:

1 ¼ cent Sales Tax Referendum Quick Facts ►¼ cent sales tax generates approximately $460,000 for Bladen County Citizen education paid for by Bladen County Local Government. For more information, 862-6700 or bladeninfo.org.

2 ►1 cent on the property tax rate generates approximately $250,000. ►If voters approve the ¼ cent sales tax the property tax rate will drop by 2 cents from.82 to.80 per $100 valuation.

3 Q: How much more would the ¼% sales tax cost me in purchases? Taxable Goods x ¼% = Tax Impact $100 Purchase x 0.0025 = 0.25 cents $300 Purchase x 0.0025 = 0.75 cents $500 Purchase x 0.0025 = $1.25

4 Q: Would this apply to everything I buy? ¼ cent does NOT apply to: Groceries Gas Utilities Prescription Drugs Certain agricultural supplies Motor Vehicles

5 ► Sales tax is considered a fair tax because it is generated from cash purchases individuals choose to make.

6 ►Tourists and visitors from other counties and states will generate revenue for critical Bladen County services. ►In 2013, Bladen County ranked 67 out of 100 North Carolina counties in tourism impact.

7 ►In 2013 $36.42 Million in tourism dollars passed through Bladen County. An additional ¼ cent sales tax on that amount could have resulted in approximately $91,000 being added to the Bladen County budget to help pay for critical Bladen County services.

8 Q: What will this proposal look like on the ballot? Bladen County Sales and Use Tax Local sales and use tax at the rate of one-quarter percent (0.25%) in addition to all other State and local sales and use taxes. For Against Citizen education paid for by Bladen County Local Government. For more information, 862-6700 or bladeninfo.org.


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