County hears plan to increase revenue

The Alleghany County Board of Commissioners heard a pitch on Monday night on reviewing filings by non-profits to help increase the county’s sales tax revenue.

While this might seem worrisome to non-profits, their reimbursements would not be affected by the review, said Robert “Bob” Segal, a certified public accountant who operates a firm specializing in such activity. Segal told the board that many non-profits report their sales taxes paid all under the county in which they are located, rather than in the county in which they actually buy the products.

In explanation, certified non-profits are not required to pay sales taxes. If they are charged such taxes, they can claim a tax credit at the end of the year. Such credits are directly deducted from the county’s annual sales tax stipend from the state.

Adams noted just before the presentation that improperly reported sales taxes have an impact on county revenues, although the extent of that impact is not clear.

Get the rest of this article in this week's issue of the Alleghany News! Back