Proposed DC Ad Tax Decision Tabled Until 11:30 Tomorrow
The chairman of the D.C. Council on Tuesday abandoned his own proposal to tax advertising, leaving city officials scrambling to figure out what to cut from the budget to make up for an estimated $18 million loss in projected revenue, reports The Washington Post, which adds that lawmakers “delayed the final vote on the $16.8 billion spending plan until Thursday.
“The 3 percent advertising tax was among the last-minute tax increases authorized by the council when lawmakers cast their first budget vote on July 7. Chairman Phil Mendelson (D) proposed the tax on July 6.
“Local newspapers, including The Washington Post, and marketing groups mobilized against it, garnering support from business groups and several council members. They say the tax would hurt businesses that are already struggling during the coronavirus pandemic and make it harder for small media outlets to sell advertisements they depend on to survive.”
The council voted to continue the debate tomorrow, Thursday, July 23 at 11:30.
More here.
