Tax reform could raise ticket prices at movies, sporting events
RALEIGH, N.C. — Tax reform in North Carolina will bring higher taxes on entertainment next year, according to WRAL.
State and local governments will take a higher sales tax out of tickets for live concerts, plays and sporting events.
According to the report, state and local sales taxes are replacing the privilege taxes already included in ticket prices.
That could raise the cost of a $7.50 baseball ticket by about 55 cents or add an extra $4.37 on to a $60 college football ticket. For an $80 concert ticket, the increase adds up to about $5.80. For a $10 movie ticket, state and local governments would get about 65 cents in sales tax.
Read more: WRAL