whky tv and talk radio hickory, nc

 

 facebooktwitteryoutube

appleplay

Tuesday, 27 May 2014 11:33

Energy Tax Increase Coming in July

Starting July 1, electric customers across the state will pay more state sales tax on electricity and natural gas services.

As part of the North Carolina Tax Simplification & Reduction Act, the North Carolina General Assembly increased the state sales tax on electricity to 7%, up from 3%. The state also created a new 7% sales tax on natural gas sales. Legislators passed the new law last year.

Money raised by this state sales tax increase will go directly to the State of North Carolina, not to any local government, municipality or power company. The increase will apply to all electric customers in the state, including those who receive service from Duke Energy, the Rutherford Electric Membership Corporation and the Blue Ridge Electric Membership Corporation. Changes will be reflected on the itemized portion of customers’ utility bills.

Read 392 times