Latest News from News 3

Small businesses concerned about Internet sales tax bill

Reported by: Christine Kim
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 5/08/2013 1:55 pm
LAS VEGAS (KSNV MyNews3) -- Some are calling it a tax hike. Others say it's just a way to even the playing field with brick and mortar stores.

It is the controversial Internet Sales Tax Bill that passed the U.S. Senate and is now in the House.

For the person who sells something online once in a while, there will be no changes. But for small businesses, such as a consignment store, it could bring a different future.

The nature of the consignment business is moving products from one person to another.

Owner Natasha Charlesworth knows that means exposing her items to as many eyes she can.

More than 10 percent of her sales are online, and she's hoping to expand.

Her concern now, shared by eBay, is the Internet Sales Tax Bill.

Currently, only retailers who have a physical presence in a state are required to collect sales tax for that state. So many online sales are tax-free.

Economist Stephen Brown says the goal of the bill is to raise state revenue and make sure on-line retailers don't have an unfair advantage.

Currently, if a Nevada resident buys something on the internet from a store in the silver state, a sales tax is paid.

If a Nevada resident buys a product on the Internet from a store located outside, there is no tax paid.

It applies only to businesses that have sales of $1 million or more. Still, some shoppers say they'll have to think twice before buying.

Supporters say current technology can help simplify collecting sales taxes for various states.

Under the bill, the states that want in on this will have to provide businesses with free software to calculate taxes.
Share


Slideshows

Twitter

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service
You may also view our Sitemap.

FCC assistance for any person with disabilities can be provided by contacting us at publicfilehelp@mynews3.com

KSNV Profile & Public Inspection Files

2014 NBCUniversal Media, LLC. All rights reserved. Portions by Broadcast Interactive Media

FOLLOW US!


Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.