VALLEY, AL (WTVM) - The City of Valley will soon consider implementing a rental tax to create additional revenue for the city. The city council will discuss a proposed 2% tax increase at a work session on Saturday.
Some rental stores are concerned that the tax might stifle business. However, one movie rental business said their rentals will continue to increase regardless. "Everything is going up instead of going down, and its stopping people from going places. The movie theatre is like $9 dollars now. Most people can't afford that," Kinjite Jackson, Movie Gallery in Valley said. "So it really doesn't affect us that much, because people always come in here and rent," she added.
The tax would be placed on any tangible items that are rented such as movies, appliances, and machinery. The city administrator tells us he plans to hold a special meeting to hear from the public concerning the issue. If approved by the city council, consumers would have thirty days before the tax would be implemented.
Comparable Rental Rates: