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Released: November 10, 2011
Prospect of online sales tax grows
Source: Jim Puzzanghera, L.A.Times (Free Registration)
Lawmakers, looking to help cash-strapped local governments, are coalescing around legislation aimed at letting states require most online retailers and catalog-only companies to collect sales taxes from customers.
The momentum is building nearly two decades after the U.S. Supreme Court barred states from requiring out-of-state companies to collect in-state taxes on sales. But the court left the door open for Congress to allow such collection through legislation.
The new effort is being boosted by a major crack in the nearly solid wall of opposition by Internet retailers. Amazon.com Inc., the world’s largest online retailer, wants standardized federal rules in the face of new online sales tax collection laws in California and a growing number of other states.
Read Full Article: Prospect of online sales tax grows
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