• 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 state’s beleaguered health care system could end up costing taxpayers an... Full Story
    MONTPELIER — The state’s beleaguered health care system could end up costing taxpayers an... Full Story
    Vermont State Police are resuming the search for the missing Andover grandmother, but this time... Full Story
    More Articles