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Big dollars await states with cyber sales tax collections

You can bet a $300 million windfall would cheer up Mississippi’s Revenue Estimating Committee when it convenes this month to set estimates on state collections of taxes and fees.

The $300 million is the National Conference of State Legislatures’ estimate on the amount of money Mississippi loses each year by not taxing certain online and catalogue sales. So why not grab the money and start patching up holes in the state’s budget?

Easier said than done, says Kathy Waterbury, spokeswoman for the Mississippi Department of Revenue.

First, the U.S, Supreme Court ruled in 1992 that only Congress can…

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