New York's Governor Andrew Cuomo, who is currently unhampered by the constraints of two party rule, has announced details of the state's new budget plan.
Some highlights include:
The Internet Sales Tax will affect companies that are marketplace providers no matter where they are located that have more than 100 sales and over $300k in total sales in the past year to New Yorkers.
The tax will
require third-party retail sites – like Amazon, eBay and Etsy – to collect and remit sales taxes when a buyer in New York purchases something from a retailer on their site. The measure would make marketplace providers collect New York state sales tax at its normal rate of 4 percent plus local sales tax, which varies based on location – such as 4.5 percent for New York City, or 4 percent for some upstate counties.
Similar measures have been blocked in previous years by groups such as tax-averse Republicans, The New York Conference of Mayors and Municipal Officials (NYCOM) and the New York Association of Towns.
Constraints on internet taxation were clarified in a recent supreme court ruling which determined "that states may collect taxes on internet sales even when the purchases are made from out-of-state retailers" making new taxes like this inevitable.
While New Yorkers will pay additional tax on purchases, adding state and multitudes of different local sales taxes on purchases is going increase costs on these sites, which will be passed on to sellers and inevitably purchasers as well.
Currently 19 states do not collect internet sales taxes, and 5 (Alaska, Delaware, Montana, New Hampshire, and Oregon) do not collect sales tax at all.
State Internet Sales Tax guide here.
(Score: -1, Troll) by Anonymous Coward on Tuesday April 02 2019, @01:52AM (2 children)
I love you, MDC!
(Score: 0) by Anonymous Coward on Tuesday April 02 2019, @01:44PM (1 child)
MDC left his corpse for science, not for your carnal pleasure.
Why is it that people start caring about things they had AFTER they are gone?
(Score: 0) by Anonymous Coward on Tuesday April 02 2019, @01:47PM
Be kind to your knees
You will miss them after you are knee capped by a loan shark