Sunday, April 20, 2014

Follow us:
Follow @NY1 on Twitter Subscribe to this news feed 

News

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

  • Text size: + -
TWC News: U.S. Senate Expected To Pass Internet Tax Bill Monday
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

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.

10.11.12.247 ClientIP: 54.211.190.232, 23.62.6.93 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP