North Carolina – 0.25% Local Sales And Use Tax Increase

SALT Report 3449 – Effective October 1, 2014, Davidson County’s local sales and use tax rate will increase by 0.25% bringing the local tax to 2.25% and the total tax rate to 7.00% (local rate of 2.25% and general State rate of 4.75%).

Reportedly, the sales tax increase is estimated to generate about $2.3 million dollars annually to fund the construction of a new high school.

For Further Information:

NC Davidson County Sales And Use Tax Increase