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The exemption would cost the state, he estimates, $460 million which would be offset by the increased tax collections. Louderback said the new revenue would allow the state to forego the food tax, a tax levied on food consumed at home, and what he called “unfair business and professional tax on gross receipts.”
Louderback said he does not believe his sales tax would be a major administrative burden for many service industries. “Take shoe repair - many of those people are selling shoes, polish, brushes and one I know even
93.8%