Big dollars await states with cyber sales tax collections
Only Congress can give states authority to require tax collection by out-of-state retailers
by Ted Carter
Published: October 30,2011
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…
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- District at Eastover construction to start later this year
- Fervor grows for Tuscaloosa Marine Shale
- With no interim, board begins hunt for MVSU president
- LNG facility hoping to begin exporting natural gas
- Supervisors to talk with trustees about selling hospital
- Ex-Northwest Rankin coach David Coates dies before drug trial
- The link between education and economic development
- WOODS: Time to put gloves on for handgrabbing