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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Mississippi State makes NSF ranking of research universities
- Chaney drops lawsuit against National Flood Insurance Program
- Hood joins other AGs in efforts to curb copper theft
- Entergy gives $500K grant to The Nature Conservancy
- Sawtimber, pulpwood markets improving, but challenges remain