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Supreme Court to Weigh Wider Collection of Billions in Internet Sales Taxes

Wednesday, January 31, 2018  
Posted by: BOMA Austin
Vote Pencil - graphic The U.S. Supreme Court will consider freeing state and local governments to collect billions of dollars in sales taxes from online retailers, agreeing to revisit a 26-year-old ruling that has made much of the internet a tax-free zone. Heeding calls from traditional retailers and dozens of states, the justices said they would hear South Dakota's contention that the 1992 ruling is obsolete in the e-commerce era and should be overturned. This is a big issue for states like Texas, which doesn't have a state income tax and depends heavily on its 6.25 percent sales tax. Texas may be losing more than $1 billion a year in sales taxes, according to an estimate from the Texas Comptroller's Office...
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