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U.S. Senate Expected To Pass Internet Tax Bill Monday

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TWC News: U.S. Senate Expected To Pass Internet Tax Bill Monday
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Shoppers who have bought anything online lately may have ducked the tax bill, but the U.S. Senate is expected to pass legislation Monday that could change that.

Even if Internet retailers don't collect taxes at the time of purchase, consumers are still required to pay it in 45 states, including New York, though many people don't.

The new bill would require online retailers to collect sales taxes and send it to the state government where the buyer lives.

Retailers like Wal-Mart and Best Buy already collect sales taxes, but online retailers like eBay and Amazon don't.

President Barack Obama is in favor of the bill, but the House may not be. Some Republicans have said they consider it a tax increase and will not support it. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP