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from the death,-taxes,-and-'this-causes-cancer-in-the-state-of-California' dept.
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:
- Drivers into busy sections of Manhattan will pay a 'congestion charge'
- Single use plastic bags banned across the state
- Closure of up to three state prisons
- Eliminating cash bail for misdemeanor and nonviolent felony arrests
- A permanent 2% cap on local property taxes
- Increase in Public Education funding by 1bn
- A new 'Mansion Tax' on homes over $25 million
- A new internet sales tax on market providers
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: 0) by Anonymous Coward on Tuesday April 02 2019, @03:35AM (5 children)
Does selling one or two items a year on eBay make me a "retailer" to New York? If so, eBay better let me block sales to New Yorkers, because I'll be damned if I'm selling anything to anyone in New York after this gets implemented. Not that I'm worried so much about the tax itself, but there's no way I'm getting myself involved with any part of the New York taxation scheme. Too many stories of New York outright stealing from people who already paid every cent of tax they owed.
If I can't block New York, well, looks like I won't be selling on eBay anymore. The economy ratchets down a bit more.
(Score: 1) by khallow on Tuesday April 02 2019, @03:55AM
You don't have to care. The buyer is supposed to pay those taxes in such a situation.
(Score: 2, Informative) by Anonymous Coward on Tuesday April 02 2019, @05:05AM (2 children)
If you're selling more than US$300,000 a year, then yes.
And New York is the 32nd state to do this.
I get that you don't want to read TFA (I didn't), but can't you at least read TFS? That information is provided there.
(Score: 2, Funny) by driverless on Tuesday April 02 2019, @07:15AM (1 child)
If outrage junkies read TFA how would they get their fix? This is an anger-made-easy platform dammit, not a news site.
(Score: 1, Insightful) by Anonymous Coward on Tuesday April 02 2019, @07:32AM
Except that info was in TFS. I can totally understand not reading TFA -- I certainly don't -- but it's right in front of your face in TFS.
Sigh.
(Score: 0) by Anonymous Coward on Tuesday April 02 2019, @06:01AM
From TFS:
One or two items?
Not gonna do the math for you.