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: A fiery pit nicknamed the 'Gate of Hell' in the Karakum desert in Turkmenistan has been burning for 40 years. 0Rutland Herald content editor Rich Alcott shares local weather information and easily digestible... Full StoryRICHARD'S POOR ALMANACK: Workers on this day in 1984 in a Cheshire, England, peat bog find well-preserved human remains at least 2,000 years dead, born this day in 1843, Robert Todd Lincoln, eldest son of the president, present at three assassinations. 0Rutland Herald content editor Rich Alcott uploads data direct to your head: Workers on this day... Full StoryTOMORROW'S HEADLINES TODAY: Josh O'Gorman reports on the impact of state budget cuts on state colleges, Rutland Town welcomes Donna Zeller as town clerk, Bryanna Allen in Killington for chili cookoff and Haley talks up big Shrine game with N.H. and Vt. 0Rutland Herald News Editor Alan J. Full Story
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