Proposition 2 - Increasing the Maximum Sales Tax that can be Collected on a Single Purchase of Goods or Services from $72 to $300.

Shall Paragraphs D and E of Section 4.28.120, Exemptions, of the Borough Code be amended to increase the maximum sales tax that can be collected on a single purchase of goods or services from $72 to $300? This change would affect only transactions over $1,200. If this proposition is approved, the maximum amount of a transaction that is subject to the Borough's 6% sales tax would increase from $1,200 to $5,000, thus increasing the maximum sales tax due from $72 to $300. The Assembly proposes this sales tax modification to help offset an increase to future property taxes.