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 InEfforts are underway to raise thousands of dollars needed to pay for medical care and other... Full StoryTOMORROW'S HEADLINES TODAY: Update on Center Alley project, review of opiate talk evening at the library and aldermen want kids to wear helmets while riding bikes around town. 0Rutland Herald News Editor Alan Keays and staff writer Gordon Dritschilo discuss some of the... Full StoryThe Associated Press Full Story
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