ibusinesslines.com November 16, 2018

Sales tax bill voted down by Louisiana House

29 June 2018, 12:38 | Jodi Jackson

Sales tax bill voted down by Louisiana House

Sales tax bill voted down by Louisiana House

By a narrow 5-4 margin, the nation's highest court voted to overturn a 1992 decision that required internet retailers to pay sales tax only in states where they had a physical presence.

This week's decision provides a way to clean up the patchwork: States may now require sellers to collect and remit sales tax, regardless of physical presence, so long as the states take certain steps to minimize the burden of compliance on out-of-state sellers.

After Justice Anthony M. Kennedy, who wrote Thursday's majority decision, had said the court should reconsider the decision, South Dakota took up the challenge. North Dakota, which declared that the Constitution prohibited states from requiring businesses collect sales taxes unless they have a substantial connection to the state they operate in.

It's unclear exactly how the ruling is going to affect online retailers, but states and local governments could start collecting billions in sales tax dollars every year.

Wayfair stock was down 2.5 percent in morning trading, while shares of online craft marketplace Etsy dropped more than 3 percent. Under the agreement, retailers can use a sales tax compliance service of their choice without charge for transactions in the participating states, according to Craig Johnson, executive director of the Streamlined Sales Tax Governing Board.

NRF argued in a friend-of-the-court brief past year that the court's 1992 Quill Corp. v. The Government Accountability Office estimates that states were already collecting approximately 75 percent of the potential sales tax revenue already, suggesting this may not have been as large of an issue as it is often portrayed.

Subjecting all online retailers to the same rules as brick-and-mortar, though, may not ultimately help the mom-and-pop shops that have struggled most in the shift to online, Forte said, "unless they're a mom-and-pop focused on big ticket items".

Amazon then added Pennsylvania to that list after a similar law there went into effect April 1.

It's the third special session this year, called by Gov. John Bel Edwards in the hopes of renewing some expiring sales taxes to fill state coffers and avoid deep reductions across college campuses and state programs only days away.

The cost can be reduced for retailers who sell to customers in the 24 states that participate in the Streamlined Sales Tax Agreement, a plan aimed at simplifying tax collection. Such e-commerce businesses generally have not been required to collect sales taxes since the 1992 Supreme Court case, Quill v.

He also said it hurts the states' ability to raise revenues. Still, almost half of Amazon's sales are through these other merchants, which could surely impact business.

Sales tax is pretty interesting in the United States as it's done on a state-by-state basis. "The Internet's prevalence and power have changed the dynamics of the national economy", the court said in its decision in the case, South Dakota v. Wayfair.

Other News

Trending Now

Widespread Google Home and Chromecast outages reported, fix on way
By 20:46 last night, Google confirmed the reports were a result of a glitch on its side, and that it was working on it. We are really sorry for the inconvenience and are taking steps to prevent this issue from happening in the future".

Alexandria Ocasio-Cortez, democratic socialist, beats 10-term incumbent in NYC primary
Nonetheless, her stance on issues like immigration reform and the criminal justice system energized the local community. Despite Crowley, aka the "King of Queens", raising far more money than Alexandria, she pulled off a stunning upset .

Aeroméxico offers 20% off on trips to South Korea after Germany upset
Coming off a 1998 triumph on home soil, Les Bleus were one of the favourites for the Japan/South Korea World Cup four years later. Mexico fans have since erupted into sheer elation online, tweeting out nothing but love and praise for South Korea .

What Ocasio-Cortez’s Win Says About the Rise of the Left
John Yarmuth, D-Kentucky, said his takeaway from the primary was, "you don't want to run against a Democratic woman this year". In those upcoming contests, the ability to marshall Big Money will not be a sign of electability, but a scarlet letter.

Iowans Encouraged to Save Their Own Lives on National HIV Testing Day
The Iowa Department of Public Health started its annual "HIV, AIDS , STD and Hepatitis Conference" today. There are several testing services, health centers, and other resources that provide HIV testing.

Putin summit to be held on July 16 in Helsinki
Mr Trump said Wednesday that "getting along with Russian Federation and with China and with everybody is a very good thing ". The meeting signals a growing rapprochement between the United States and Russian Federation .

ASUS Zenfone 5Z to launch as Flipkart Exclusive
It is possible that ASUS could launch the 256GB storage variant in India along with the 64GB storage variant. On the specifications front, Zenfone 5z will carry a 6.2-inch FHD+ display screen with a notch at the top.