Wednesday, March 13, 2013

Fishers shoots for a new Tax

Fishers claims to have the lowest tax rate. I just love this fake claim; they make it up with fees and other hidden taxes. Such as the Stormwater Fee (tax) we all had to just pay. Now here comes another hidden tax, House Bill 1070 would authorize the Fishers town council to adopt, on or before December 31, 2013, an ordinance to impose a town food and beverage tax of not more than 1% on taxable food and beverage transactions in the town. Specifies that the revenue from the tax must be used to reduce the town's actual property tax levy (but not maximum permissible levy) or for economic development purposes, including the pledge of money to bonds, leases, or other obligations for economic development purposes. Since the Town's actual levy is above the 1% cap it means the Town can impose a 1% tax on your restaurant bill. What is very interesting is only two towns in the entire state are trying to get this. Fishers and Cloverdale. So behind our backs the Town Council is once again at it, raise taxes, sort of keep it hidden, but still claim to have the lowest tax rate. Hopefully the State Senate will stop this nonsense.

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