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Sales Tax Eyed for Online Merchants

May 9, 2013 Jackson Hole, State of Wyoming, Town of Jackson No Comments
online_shopping

Those who shop online in Jackson may find themselves paying a little more in the future for the items they buy there.  The US Senate Monday passed Senator Mike Enzi’s “Marketplace Fairness Act” which seeks to help level the playing field between local and online retailers by requiring the online retailers to observe the tax laws of the states in which their products are purchased.  Additionally, Enzi explains that states should have that option as they seek to raise money to cover basic local tax-supported services.  Enzi told the Senate, “At least 30%, and up to 70% of the revenue of the municipalities comes from the sales tax; and that’s on a declining basis at the moment.”  Enzi went on to point out that that money is not only what the city’s streets and snow-removal, the police, and the fire protection — and even education gets affected by the sales tax.  The bill is written to exempt small businesses with less than $1-million in annual online or out-of-state sales from having to collect such sales taxes.

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