Senate shows support for Internet sales taxes

(AP)—Advocates of a move to help states collect sales taxes on Internet transactions have won a Senate victory.

In a nonbinding, 75-24 vote, the Senate signaled its support Friday for legislation giving states the power to collect taxes on purchases consumers make from Internet companies.

The vote was a symbolic expression of lawmakers' views on the issue. But it showed that supporters of enforcing existing on Internet purchases would have enough strength should the Senate consider the proposal later this year.

An estimated $20 billion in sales taxes go uncollected every year by out-of-state online merchants.

Supporters say collecting the tax would restore competitive balance between Internet companies and that already charge sales taxes. Opponents say the system would be too complicated.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Senate shows support for Internet sales taxes (2013, March 23) retrieved 20 April 2024 from https://phys.org/news/2013-03-senate-internet-sales-taxes.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

Amazon.com sales-tax issue taken up by Congress

0 shares

Feedback to editors