North Carolina is Preparing to Collect Sales Tax from Online Retailers…

Excerpt From: WRAL. Written By: Matthew Burns.

State lawmakers are considering “placeholder” legislation that would require large out-of-state retailers to collect sales tax from North Carolina residents as soon as such collections are allowed nationwide.

The U.S. Supreme Court ruled 25 years ago that retailers don’t have to collect sales tax unless they have a physical presence in a state, but pressure is building on Congress to enact legislation that would require the collection of sales tax on all online transactions.

Trending: 3/4 Voter Majority DID NOT Want Dixie Classic Fair Name Change, Full City Council Meeting Monday Night

“What states are arguing today is that, with economic nexus, with computers, with technology, the way things are more globally interacted, it would no longer be a burden for retailers to do this,” Cindy Avrette of the General Assembly’s Research Division told members of the Senate Finance Committee on Wednesday.

take our poll - story continues below

Has Thom Tillis betrayed conservatives and President Trump?

  • Has Thom Tillis betrayed conservatives and President Trump?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to First In Freedom Daily updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Seventeen states have legislation pending similar to North Carolina’s Senate Bill 81, Avrette said, and a number of others are trying to expand the definition of a physical presence for retailers.

Senate Bill 81 would establish an “economic nexus” of at least 200 sales in North Carolina a year or $100,000 in revenue from sales in the state as enough to require a retailer to collect sales tax.

Sen. Tommy Tucker, R-Union, said North Carolina modeled its proposal after one that was struck down this week in South Dakota. That law is viewed as the best test case for the Supreme Court to overturn its earlier ruling or for Congress to take action, Avrette said.

READ FULL ARTICLE

Have a hot tip for First In Freedom Daily?

Got a hot news tip for us? Photos or video of a breaking story? Send your tips, photos and videos to tips@firstinfreedomdaily.com. All hot tips are immediately forwarded to FIFD Staff.

Have something to say? Send your own guest column or original reporting to submissions@firstinfreedomdaily.com.

LEAVE A REPLY

Please enter your comment!
Please enter your name here