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

Tags: cyber sales tax, Mississippi, online and catalogue sales, Revenue Estimating Committee

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…

>> SEE FULL STORY <<

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Still planning that summer vacation?

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages

%d bloggers like this: