Forcing online sales tax collections would entail revamp of state system
by Ted Carter
Published: October 30,2011
Forcing online retail giants like Amazon and Overstock to collect sales taxes from customers would require a tradeoff that Mississippi is not yet prepared to make.
On one hand, the state could gain in the neighborhood of $300 million annually.
But on the other, it would need to revamp its sales tax system to meet the specification set by Congress, the only governmental body authorized to mandate an across-the-board sales tax on cyber sellers.
“Our sales tax code would have to be completely rewritten to comply” with what is known as the Streamlined Sales Tax Agreement, a blueprint adopted by 44 states and the District of Columbia to simplify sales and use tax collection. Mississippi has so far declined to become…
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Attorney McRae challenging Miss. treasurer in GOP primary
- Ecolab reducing Columbus workforce
- Judge names receiver for KiOR plant, but tax payment unclear
- Tommy Robertson indicted on five counts of embezzlement
- State's ventures into alt-fuel markets net few jobs
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- Rival plans filed to end Cleveland schools federal oversight
- Lab owner loses challenge to 40 months in waste case