State laws impacting Balloon Fest

  
WSIC File Photo
WSIC File Photo

State tax law is affecting how much money raised at Statesville’s Carolina Balloon Fest goes to local charities.

      1. 2015-10-08BallonFestTaxes

Executive Director Robb Collier says next weekend’s event will be the second year when sales tax must be subtracted from ticket sales – last year that cost was nearly thirteen thousand dollars.

Collier says it frustrates him since that money could go to local charities.

New this year – Balloon Fest is required to submit tax ID information for each vendor.

WSIC has learned that the state will be doing an onsite compliance check at next weekend’s event.

Twenty-five to thirty thousand people are expected at the airport depending on the weather.

This year has seen the highest number of pre-sale tickets in the history of Balloon Fest.

Let everyone know about this