From collection New Albany Public Library News Collection
List shows 200 tax delinquent business in Floyd County
About 200 businesses in Floyd County are listed on the new state Web site as owing the Indiana Department of Revenue sales tax collections. "Sales tax is a trust tax, meaning the business collects it straight from the consumer and passes it directly to the state". "This money doesn't come from the businesses' pockets, and it's not supposed to be used to fund their operations". In Floyd, the delinquent businesses owe a total of $527,000 in sales tax -- money that would be in the state's general fund