Battle Over Internet Sales Tax Heats Up



The battle over sales-tax fairness is gaining steam, with bipartisan bills mandating Internet companies to collect sales tax recently introduced in the House and the Senate.The two bills differ in certain respects, but both provide two options for states to collect sales tax from consumers who purchase goods on the Internet.States that voluntarily join the Streamlined Sales and Use Tax Agreement can require remote sellers to collect and remit sales and use taxes after 90 days. Twenty-four states have currently joined this agreement.States that do not wish to become members of SSUTA could collect the taxes only if they adopt certain minimum simplification requirements.Both bills include a "small-seller exemption," which exempts retailers whose sales fall below a certain threshold ($500,000 in-state a year in the Senate version, and less than $100,000 in-state or $1 million nationally in t
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out