Proposal in Congress could mean $20M for Vt.April 23,2013The Associated Press
MONTPELIER — Proposals being considered by Congress to require Internet retailers to charge state sales taxes could mean $20 million a year in revenue for the state of Vermont.
Currently, Internet retailers don’t have to impose a state sales tax unless the company has a physical presence in the state.
Vermont Tax Commissioner Mary Peterson tells Vermont Public Radio people who purchase items from e-retailers are supposed to pay the state sales tax, but they rarely do.
Many small retailers have complained that this gives the Internet retailers an unfair price advantage and state officials are upset because they lose revenue.
The U.S. Senate is set to vote this week on legislation requiring most e-retailers to include any applicable sales tax. There is a similar bill being considered in the House.MORE IN This Just InTODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Tibetans' ability to breathe and absorb oxygen at high altitude might have been inherited from their ancient ancestors. 0Rutland Herald content editor Rich Alcott shares local weather information and easily digestible... Full StoryTOMORROW'S HEADLINES TODAY: Vt. Yankee $10M revolving fund discussed, troubles at the Mission, MSJ's new principal, teens carve marble in West Rutland. 0Rutland Herald Editor Rob Mitchell and staff writer Bryanna Allen discuss some of the stories... Full StoryThe Associated Press Full Story
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