Friday, February 8, 2013

States Consider Tax on Ads

New taxes on advertising haven't yet been proposed in Congress, but that hasn't stopped financially strapped states from considering them. Governors John Kasich (R-Ohio) and Mark Dayton (D-Minn.) have both proposed new taxes on advertising and other business services as part of their 2014 budgets.
In both cases, the proposals call for reducing the sales tax, but increasing taxes on services.