Internet Sales Tax Bills Headed To Senate Floor – mitechnews.com


LANSING – Legislation codifying into state law a U.S. Supreme Court decision regarding internet sales tax provisions for online retail entities was reported by a Michigan Senate panel Wednesday, a move that could bring millions in additional revenue to the state.

The proposed changes come following the 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair case which allowed state to collect sales taxes on online retail sales.

The legislation before the Senate Finance Committee would require online retail entities that sell at least $100,000 worth of goods or at least 200 retail transactions in Michigan to collect sales tax and remit the revenues to the state.

The bills also deal with a technical aspect of online sales in which a person may order items through a major website such as Amazon or eBay, but the product is actually retailed by a smaller company with a relationship with the larger web company.

By bringing in marketplace facilitators, the state could see an additional $90 million per fiscal year once taxpayers are fully compliant with the changes, the Senate Fiscal Agency said.

This story was published by Gongwer News Service.



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