Politico Tax – Avoiding the doom of a repeat

Politico Tax – Avoiding the doom of a repeat

TO CLARIFY: Morning Tax reported on Monday that one key opponent of federal online sales tax legislation believed that the National Conference of State Legislatures’ estimate that $26 billion worth of sales tax from remote sales weren’t collected was over the top, with a more feasible finding being at most $11.6 billion. But Steve DelBianco of NetChoice, who came up with that projection, believes a more likely figure is $5.2 billion. So in short: Supporters and opponents of allowing states more latitude to force out-of-state vendors to collect sales tax continue to have wildly different projections about how big the problem is.

Also of interest: The Colorado Senate Finance Committee holds a hearing today over a measure to repeal a law that forces out-of-state companies to inform the customers about sales taxes owed, a law that wound its way to the Supreme Court.

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