Assembly rejects proposal to remove cap on taxable sales

The borough assembly has rejected a staff proposal to remove the cap on sales taxes payable on individual purchases. Dropping the limitation, which shuts off Wrangell’s 7% sales tax on the purchase price above $3,000, could have generated an estimated $500,000 a year in additional revenue for the borough.

The assembly April 12 accepted moving to second reading the other provisions of the ordinance that would make some administrative changes to the sales tax code, but deleted the change to the tax cap.

The ordinance is scheduled for a public hearing at the April 26 assembly meeting.

The tax lim...


Reader Comments(0)