Senate to vote on proposed Internet sales tax law
May 6th, 2013
07:28 AM ET
12 months ago

Senate to vote on proposed Internet sales tax law

New York (CNNMoney) - The U.S. Senate is expected to vote on a long-debated Internet sales tax law Monday, paving the way for millions of consumers to start paying sales tax on online purchases.

The legislation would allow the 45 states (and the District of Columbia) that currently charge sales taxes to require large online retailers to collect tax on purchases made by their residents. The law would only apply to online sellers that have sales of at least $1 million in states where they don't have physical operations, like a store or a warehouse.

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Filed under: CNNMoney.com • Senate • Taxes
soundoff (3 Responses)
  1. thomase

    That's pretty dumb. Why on earth should people shopping online being charge more than going to a brick and mortar store? The point is that they can offer cost savings because they don't have to maintain a location.

    What a ridiculous idea! Up there with the tax on electric cars!

    May 6, 2013 08:00 am at 8:00 am |
  2. Name Robin Ramsden

    Do NOT vote this in. It will kill many small earners who use internet sales to subsidize regular income that is not enough to survive on.

    May 6, 2013 08:22 am at 8:22 am |
  3. Larry L

    Republicans face a test here. They resist making the wealthy pay a tax rate that has been shown to make America prosper, they fight to leave tax loopholes and subsidies to big oil companies, yet they appear willing to go at a small tax break that impacts the middle class hard. Many people will simply not buy items if the price is raised 6-9% with taxes. UPS, FedEx and the USPS will also greatly suffer as will all of the on-line buying services.

    May 6, 2013 08:43 am at 8:43 am |