WASHINGTON, June 11, 2015 /PRNewswire-USNewswire/ — The American Suntanning Association (ASA) applauded the introduction Tuesday of a bill by Rep. George Holding (NC-13) to repeal the 10 percent federal excise tax on indoor tanning services enacted in 2010. HR 2698, “The Tanning Tax Repeal Act of 2015,” is currently co-sponsored by 14 Republicans and two Democrats.
“Representative Holding has shown his commitment to America’s small businesses by introducing this bill,” said ASA President Bart Bonn. “The tan tax is an example of a misguided policy, implemented with little forethought, which has crippled an industry and cost tens of thousands of jobs in communities across America.”
More than 9,000 salons – roughly half of all tanning salons in the U.S. – have closed since the tax was imposed in 2010 and resulted in the elimination of 76,000 jobs, in an industry heavily dominated by female business owners and employees. At the same time, the tax has generated less than 1/3 of the revenue projected by the Congressional Budget Office (CBO) when the tax was implemented.
“We look forward to the speedy advancement of this legislation and the respite it will bring to small business owners throughout the country,” added Bonn.
The American Suntanning Association is a Section 501(c)(6) nonprofit organization. For more information, visit www.americansuntanning.org
SOURCE American Suntanning Association