DooKey
[H]F Junkie
- Joined
- Apr 25, 2001
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- 13,560
In a 5-4 decision the Supreme Court has reversed a 1992 precedent that barred states from collecting sales taxes for online sales out of state. This means online retailers are now on equal footing with their brick and mortar brethren and will most likely be compelled to pay state sales tax. We'll see if this makes a difference in online prices or not. Also, I don't necessarily agree with the Court, but this might help our local businesses compete a bit better. Only time will tell.
"The Internet's prevalence and power have changed the dynamics of the national economy," Justice Anthony Kennedy wrote in the majority opinion. "The expansion of e-commerce has also increased the revenue shortfall faced by States seeking to collect their sales and use taxes."
"The Internet's prevalence and power have changed the dynamics of the national economy," Justice Anthony Kennedy wrote in the majority opinion. "The expansion of e-commerce has also increased the revenue shortfall faced by States seeking to collect their sales and use taxes."