States Hope to Begin Taxing Online Sales
An AP newswire article by Mike Glover, via Yahoo! News, reports that:
A coalition of 18 states representing about 20 percent of the nation's population has forged an agreement to begin collecting sales taxes on Internet purchases.
The group hopes to convince retailers — but does not force them — to begin collecting taxes and turning it over to state governments.
The agreement puts in place a procedure for businesses to collect sales taxes from Internet and catalog purchases, and puts in place an amnesty that protects them from being pursued for taxes not paid in the past.
After negotiations, which lasted for three years, the states including Iowa had agreed to definitions of taxable items and procedures for paying the taxes.
posted by Fergie @ 10/04/2005 11:30:00 AM
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