Friday, March 7, 2014

New North Carolina tax law forces many nonprofits into higher admission costs

On January 1, 2014, a North Carolina state law took effect and “expanded the sales tax to admission charges for entertainment and live events, such as concerts, plays, movies museums, and professional and college sports.”

Many North Carolina nonprofit organizations now worry that the new law, which will add 6.75% to the cost of admissions, will hurt ticket sales.

Richard Whittington, managing director of a local professional theatre located in downtown Greensboro says the new law is “definitely disappointing.” Whittington explains the newly imposed tax “is something that we are having to add that doesn't help us further our goals or achieve our mission, which is to provide top quality theatre at prices the entire community can afford.”

Are the fears of the North Carolina nonprofit organizations legitimate? Is Whittington correct in his assessment that the new tax law does nothing to help further the goals or achieve the mission of the nonprofit theatre?

http://www.news-record.com/news/local_news/article_d484e564-a4d7-11e3-bcaa-001a4bcf6878.html

http://triadstage.org/

dab

http://lawprofessors.typepad.com/nonprofit/2014/03/new-north-carolina-tax-law-forces-many-nonprofits-into-higher-admission-costs.html

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