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News-Sentinel.com Your Town. Your Voice.

sales tax

Not done with property taxes

Some intriguing ideas on taxes were presented to an interim study committee of the General Assembly this week:

Under one plan, the state's 7 percent sales tax rate would be lowered to 5.5 percent and be applied to all services except medical and legal. Young and Waltz said that would raise enough money to replace $2.2 billion in property taxes that homeowners pay.

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