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You may soon be taxed for downloads

North Carolina could soon be taxing you when you download music, ring tones, movies and software if a legislative committee gets its wish. The Revenue Laws Study Committee recommended Tuesday to the full legislature that state and local sales tax be applied to these relatively new electronic transactions. Current law generally does not require the tax on these products because they are not considered "tangible personal property" or a service. An analysis of the proposal says the state could collect eight million dollars and local governments almost four million next year if changes were made.

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