*Letters

Finance, Revenue Bonding on An Act Concerning the Sales Tax on Services

Published on:
March 26, 2009

SIFMA provides comments to the U.S. House Joint Committee on Finance, Revenue & Bonding on H.B. No. 6349, an Act Concerning the Sales Tax on Services. SIFMA has serious concerns with H.B. No. 6349 as currently drafted. While we appreciate the state’s need to identify additional revenue options, we believe that a tax on investment counseling and broker dealer services would serve only to drive substantial business from the state.

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