July 10, 2012
Online shopping in some states is about to become more expensive.
A wave of states have passed laws that will require consumers to pay sales tax on all Internet purchases as soon as next year. Other states and the District are pursuing similar measures. And in Maryland, Gov. Martin O’Malley wants to go further and levy a tax on songs and other digital products bought through popular sources such as iTunes.
For states struggling in the troubled economy, this could mean $23 billion in new revenue each year, according to the National Conference of State Legislatures. Had online retailers collected sales tax this year, Virginia would have added nearly $423 million to its coffers, while Maryland would have seen $376 million and the District $72 million, the group said.
This article was posted: Tuesday, July 10, 2012 at 9:51 am