Proposed Internet Sales Tax Could Harm Local Businesses

Reported by: Mark Stitz
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 5/06/2013 11:31 pm
On Monday night, the U.S. Senate passed a bill that would allow states to charge sales tax on online purchases made outside their state borders.

The Marketplace Fairness Act is designed to level the playing field between online stores and traditional brick-and-mortar stores who already charge a sales tax. The president of Lexington-based Trail Blazers Auto and Truck Accessories and TruckAddOns.com says the bill will actually hurt small businesses in an already rough period in the economy by forcing them to decipher each state's tax laws.

Each online retailer would also be susceptible to an audit from each and every state each year.

Online retailers who have less than one million dollars in out of state revenue would be exempt from the law, but many would not qualify for the exemption, including Sanders. He said, "For online sales, a million dollars is not a whole lot. The average online retailer easily does well over a million dollars in sales."

Both U.S. Senators from Kentucky voted against the bill.

The bill will now go to the U.S. House of Representatives where it is expected to have opposition from Republicans who see the bill as a tax measure.
Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Most Popular
Coroner: Elderly Mercer Co. Couple Die in Apparent Murder-Suicide
The Mercer County Coroner has confirmed that an elderly couple were found dead in their home Sunday night following an apparent murder-suicide.
Former High School Football Coach Charged with Sodomy, Sexual Abuse
According to deputies in Pulaski County, a former high school football coach has been arrested on charges of sodomy and sexual abuse.
Police: Shots Fired Near Lexington School
Lexington Police said shots were fired Monday afternoon near Lafayette High School. Although school had been out for the Labor Day holiday, youth football tournament was being held at Lafayette. Video Video
Camping World founder dies in fall at Ky. home
David Garvin, a Kentucky entrepreneur who founded the retail chain Camping World, died Saturday morning in an accidental fall at his home.
UPDATE: Name Of Victim In Fatal Lexington Crash Released
The name of the woman killed in a Lexington crash early Saturday morning has been released.
Inergize Digital This site is hosted and managed by Inergize Digital.
   

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.