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Kentucky Tax on Service?? Call your represenative and JUST SAY NO!!

By
Real Estate Agent with Keller Williams Experience Realty

There is a movement underway in our state's capitol looking for more ways to bring money into its' treasury.  One of the ways our "humble servants" are looking to do this with a tax on services.  Looks like it is going to rear its ugly head again this fall.

Tax on services will raise the cost of buying a home. It will tax the sales commission, the title work, the deed prep, the settlement fees.  

It will raise the cost of home ownership.  You will have to pay tax every time you have labor done on the house. Contractors, plumbers, electricians, appliance repairmen...the list goes on and on.

This is just the effects on the housing industry.

Why not do the fair thing and simply raise our sales tax from 6% to 7%?? It is still less than anyone else surrounding us and is the fairest tax there is.  You still won't pay tax on groceries and prescription drugs.

 

 

Comments(2)

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Chris Olsen
Olsen Ziegler Realty - Cleveland, OH
Broker Owner Cleveland Ohio Real Estate

Hi Earleene -- They tried that in Ohio and luckily it got defeated. In these economic times especially to tax anymore, especially for services will further stress a vitally important sector and in my view, it's just plain wrong.

Aug 10, 2010 02:30 PM
Earleene Woods
Keller Williams Experience Realty - Murray, KY
ASP, CRS, GRI

Thanks for your input Chris.  I agree with you.  The housing market is helping to keep the economy afloat.  If they mess with it too much there will be a negative effect on the state's economy.  It is also one more thing people have to pay when they use us in their home purchase.  I think it is restraining our trade when we have to pay a tax that the FSBOs don't have to.

Aug 11, 2010 12:26 AM