• Proposal in Congress could mean $20M for Vt.
    April 23,2013
    • Email Article
    •  
    •  Print Article
     
    The 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.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In
    MONTPELIER — The Vermont Fish & Wildlife Department is urging residents to avoid attracting... Full Story

    MONKTON — A woman who occupied a tree to block pipeline construction... Full Story
    NORTHFIELD — Norwich University commemorated 100 years of Reserve Officers’ Training Corps at its... Full Story
    More Articles