Online sales tax bill gains more ground
With online sales soaring, lawmakers are calling for a revival of Internet sales tax. Since the 1992 Supreme Court ruling that merchants without a physical storefront in a state are not responsible for collecting sales tax, online retailers have not had to collect it. Although it is not clear whether a new bill calling for sales tax will make it to the floor before the end of the year, According to NBC News a House Judiciary Committee would like a change.
Online sales accrue an estimated $20 billion a year, a figure that many believe could help with the rising deficits of many states. One of the most amazing aspects about the proposed sales tax is the fact that it has so much support from both parties.
Bill Haslam, the governor of Tennessee, told NBC News that he believes the bill would only be “collecting taxes already owed.” The National Retail Federation is supporting the bill in an effort to combat “showrooming.” Showrooming is where a customer will go to a physical store to look at a product and then go home to purchase it online in order to avoid tax.
As more about this bill comes to light, ecommerce stores and physical retailers could see an upsurge of purchases. In an effort to deliver the best in customer service, the POS software solutions offered by Retail Pro could help benefit this increase in sales.
