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
James Young To Enter NBA Draft
Freshman guard first to officially announce "one and done."
Car Flips On I-64 In Fayette Co.
A woman went to the hospital after a crash Wednesday night along Interstate 64 in Fayette County. Video Video
Former Pastor Accepts Plea Deal to Sex Abuse Charges
A former Wayne County pastor who had been indicted on 13 counts of rape in 2011 accepted a plea deal Tuesday.
Part Of Bluegrass Pkwy. To Temporarily Close In Woodford Co.
Part of the Bluegrass Parkway in Woodford County will be temporarily closed Thursday. The state said crews would be cleaning up rock slide debris from 9:00 a.m. to noon.
3 Arrested for Allegedly Leaving Used Syringes Around 7-Year-Old
Three London residents were taken into custody early Wednesday for reportedly leaving their used, uncapped syringes around a seven-year-old in a Laurel County motel.
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.