Friday, April 18, 2014

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Senate Advances Internet Sales Tax Bill

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TWC News: Senate Advances Internet Sales Tax Bill
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Online shoppers may not be getting their items tax free for much longer.

A bill making its way through the Senate would require online retailers to collect state and local taxes for Internet purchases.

The money would go to the state where the shopper lives.

The Senate on Monday voted 74-20 to take up the measure and could potentially pass it as early as this week.

But the bill could face an uphill battle in the House, where some Republicans see it as a tax increase.

Under current law, states can only collect sales tax from stores that have a physical presence in the state. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP