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Local grocers welcome an additional 1 percent decrease in the state's sales tax on food |
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Thursday, 06/19/2008 |
The tax dip from 4 percent to 3 percent goes into effect July 1. State
officials estimate the 1 percent decrease equates to about $25 million
in annual savings to consumers.
"I would say it's a good things in today's world," said Gary Traugh,
owner of several area Kompak stores. Traugh points out the estimated
$25 million in savings may be a big number, but to consumers seeing a
decline of 1 percent on some food purchases it's a small amount.
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