Recreation and Entertainment Tax Considered by Senate Finance Committee

The North Carolina Alliance for Golf met yesterday (July 7, 2009) in Raleigh to discuss the potential Recreation and Entertainment Tax that is currently under consideration in the Senate Finance Committee.  Alliance members met with key Senate leaders both prior to and after the meeting, with the purpose of expressing our concerns over any tax that may be imposed on golf green fees.  Golf plays a large role in our state's economy, but is (like a lot of industries) facing severe challenges.  A tax of 7% would equate to raising prices substantially at a time when course operators are struggling to maintain revenue levels that are already well below 2008 levels.  A tax will result in additional layoffs in the 70,000 jobs that the industry already supports.
The group learned that the Senate Finance Committee will possibly consider the Recreation Tax as early as this afternoon (July 8,2009).  Keep checking the blog as we will update as soon as we have any information on the status of this critical issue.
 

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