Why states hoping for online holiday sales to boost budgets may not get their wish

November 26, 2018

 

On the low end, a U.S. Government Accountability Office report estimated that state and local governments could gain between $8 billion and $13 billion in additional annual revenue from online sales taxes. The National Conference of State Legislatures, however, pegs that figure at around $23 billion a year.

Even if state budgets don't see a billion-dollar bump in the coming months, the holiday shopping season will still provide valuable data, says Charles Maniace, director of regulatory analysis at the tax software provider Sovos. Any revenue effect, he says, is good information to have. It will also help states plan for the future as they look to their 2019 budgets... [Read more in Governing.]

Previous Article
Automated Exemption Certificate Management at Bridgestone HosePower
Automated Exemption Certificate Management at Bridgestone HosePower

Bridgestone HosePower selects Sovos for automated exemption certificate management reducing time spent trac...

Next Article
Online retailers are now tax collectors
Online retailers are now tax collectors

Arguably the most important change to taxation in the history of American retail is happening just in time ...

×

Weekly Sales & Use Tax related articles and resources. Subscribe:

First Name
Last Name
Company
Thank you!
Error - something went wrong!