Barbour backs plan to tax online, catalog sales
Published: December 5,2011
Barbour expressed support in a letter last week.
One estimate shows that Mississippi and its local governments will lose more than $300 million in 2012 because such retailers do not collect the state’s 7 percent sales tax. Consumers are supposed to pay use taxes on their state income tax returns, but few do.
The federal bill sets conditions for states to collect the taxes, including providing software and services to Internet and catalog retailers. It could also require Mississippi to direct local sales tax revenue to the place where merchandise or services are delivered. Now, law credits the tax to the place where a business is based.
To sign up for Mississippi Business Daily Updates, click here.
2 Responses to “Barbour backs plan to tax online, catalog sales”
Top Posts & Pages
- DAVID DALLAS — Just how long can Dan stand?
- BILL CRAWFORD: Dan Jones not the angel he is portrayed to be
- Chancery judge delays JRA bond approval for Jackson's Westin hotel
- KILL BILL: Common Core death knell heads to Gov. Bryant's desk
- The Dan Jones-IHL saga: Is this the story that started it all?
- Keeping our eye on: Neal Stephens
- DAVID DALLAS — From Dan and Dixie with love
- Cal-Maine income skyrockets as prices rise and costs shrink
- Business groups file briefs in support of Kemper coal plant rehearing