Tax plan

["Ron Force" <rforce@moscow.com>]

The Seattle Times has an in-depth story on Washington's sales tax woes:

http://seattletimes.nwsource.com/html/businesstechnology/134593749_salestax1
1m.html

********************************************
Ron Force	      	  rforce@moscow.com
Moscow Idaho USA
********************************************


> -----Original Message-----
> From: Tom Trail [mailto:ttrail@moscow.com]
> Sent: Tuesday, December 10, 2002 4:06 PM
> To: vision2020@whale2.fsr.net
> Subject: Unidentified subject!
>
>
> Visionaries:   Jim Smith from Deary asked for some more specifics on the
> Tax Reform Plan
> that Rep. Andersen and I are proposing.   Here are some more details.
> >
> >Current Sales Tax Collections             $800,000,000
> >Loss by reducing to 4%              -         160,000,000
> >Gain from Removing Certain
> >    Sales Tax Exemptions                        245,447,200
> >Gain from removing Certain
> >    Income Tax Exemptions                       45,705,000
> >
> >Net Gain to State Coffers                       $131,152,200
> >
> >The primary exemptions eliminated would be the investment tax credit,
> >trade in value, utility
> >sales, transportation services, professional services, and business
> >services.  There is approximately
> >$920 million in exemptions and credits granted each year.   We would not
> >touch the exemption
> >for the medical area under professional services recognizing the fact of
> >escalating medical costs.
>  Approximately 70 percent of exemptions would be left untouched.
> >
> >I hope this helps.
> >
> >Rep. Tom Trail
> >
> >
>
> Dr. Tom Trail
> International Trails
> 1375 Mt. View Rd.
> Moscow, Id. 83843
> Tel:  (208) 882-6077
> Fax:  (208) 882-0896
> e mail ttrail@moscow.com
>
>