• 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
    Environmental advocacy groups are citing the low cost of oil as grounds to re-evaluate the... Full Story
    Did Marco Rubio’s momentum just come to a screeching halt? Full Story
    KILLINGTON — Devin Fernandez, almost completely blind, knew the mountain’s white surface dropped... Full Story
    Blind skier events draws 30 attendees
    More Articles