Sales taxes on online purchases may be coming soon to states that were previously avoiding them, according to a recent CNN story. In a vote earlier this week, the U.S. Senate passed the Marketplace Fairness Act, which will require all online retailers to collect sales taxes for the states where they ship goods. The legislation still needs to pass the House before it can become a law. From the story:
There were $225.5 billion in online sales in 2012, according to the U.S. Department of Commerce. States lost out on approximately $23 billion in uncollected sales tax revenue, according to estimates from the National Conference of State Legislators.
On January 1 of this year, Amazon.com began voluntarily collecting sales taxes on purchases made by Nevada customers, according to a Las Vegas Review-Journal story. When he announced signing the agreement with Amazon in 2012, Gov. Brian Sandoval estimated the deal would bring the state $16 million a year in additional sales tax revenue.
The RCG team estimates that Nevada’s total share of uncollected online sales taxes in 2012 was approximately $202 million, based on U.S. Census Bureau data.
The Review-Journal article referenced above said past estimates have suggested Nevada lost $114 million in 2010 and $330 million in 2012 because of its inability to force Internet companies to collect sales taxes.