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22 June 2018, 05:09 AM | #1 |
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Join Date: Dec 2017
Location: Bartlesville, OK
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United States Supreme Court Ruling today regarding out of state sales tax
The Supreme Court’s 5-4 decision Thursday overruled two, decades-old Supreme Court decisions that states said cost them billions of dollars in lost revenue annually. The decisions made it more difficult for states to collect sales tax on certain online purchases, and more than 40 states had asked the high court to overrule them.
The cases the court overturned said that if a business was shipping a customer’s purchase to a state where the business didn’t have a physical presence such as a warehouse or office, the business didn’t have to collect the state’s sales tax. Customers were generally responsible for paying the sales tax to the state themselves if they weren’t charged it, but most didn’t realize they owed it and few paid. https://apnews.com/332abb7455cb4b60b...-pay-sales-tax Well, this might be the end of the 'ship it to me out of state' loop hole to avoid local sales tax. |
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