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New Excise Taxes Spark Rush to Buy
The Oct 1 and Nov 1 tax changes drive a rush to purchase in Amarillo and surrounding areas. Consumers face 7 to 10 percent higher prices on autos, home projectors, lawn mowers, and dishwashers as new excise taxes take effect, with gasoline, cigarettes, whiskey, and beer tax hikes expected to lift costs. The law also offers limited benefits, including a home sale capital gains rule and reduced telegram taxes. S&G Corporation exercises its option to buy Ben W. Baggett’s property at 709 Harrison, adding 180 feet of Tyler Street frontage and other parcels as part of a December purchase spree.
MENTIONED IN THIS ARTICLE
Thomas Thompson
S&g Corporation
Ben W. Baggett
Harrison
S&g
Dallas Corporation
Maddox
Baggett
Tyler Street
West Eighth
Baker- Askew Tire Company
Inez Carter
van Buren