The individual states have been looking for this for years….
Some On line retailers have complained that they shouldn’t have to pay individual states sales taxes since the companies may not actually be in those states…Some on-line retailers do collect sales taxes…
The states have countered that if the buyer is in the state they should anti up the tax money…..
The on-line retailers have probably denied states billions in revenue…
That is over….
The long-term impact of the Supreme Court’s decision remains to be seen. States were already collecting about 75 percent of the potential taxes from online purchases, according to the Government Accountability Office. The portion not being taxed could total as much as $13 billion a year, the GAO said.
Many large online sellers were already collecting sales tax in states where they have a physical presence — a legal qualifier under the 1992 ruling in Quill Corp. v. North Dakota. Furniture-seller Wayfair, for example, collects the levy on about 80 percent of its sales — a reflection of its expansion as it opens more warehouses distribution centers across the country….
Note….
Amazon, Overstock, Wayfair, Ebay and Etsy are all down following a Supreme Court ruling that states can require internet tax collection…