(Neb)-Bills To Implement SCOTUS Online Sales Tax Ruling Get Hearing
LINCOLN, Neb. (AP) - Now that states are free to collect sales taxes from out-of-state online retailers, Nebraska lawmakers are trying to decide who should pay them and what to do with the revenue.
Members of the Revenue Committee heard a variety of suggestions Thursday at a legislative hearing on 3 bill introduced in the wake of last year's U.S. Supreme Court ruling that lets states tax online sales from out-of-state businesses.
The ruling upheld a South Dakota law that exempted sellers with $100,000 or less in sales or fewer than 200 separate transactions. Nebraska has no formal law allowing that exclusion and all 3 bills would formalize a state revenue department policy on the issue.
$30-to-40-million dollars expected from sales taxes collected by large online retailers has already been figured into planning the state budget, but two bills making "marketplace facilitators," such as Amazon and eBay, collect and remit the revenue for sellers who use their service which could bring another $10-million in revenue not included in the budget planning.
Back to News
Printer Friendly Version
Send Story to a friend.