Internet sales legislation still being considered
JACKSON – Some legislators who serve on a special committee formed to study the state’s tax structure say they are going to push legislation to tax internet sales even though a national consultant they are working with discouraged the effort.
Nicole Kaeding, an economist for the Washington, D.C.,-based Tax Foundation, told the study committee Monday the United States Congress is better suited to deal with the issue of taxing internet sales. The United States Supreme Court has ruled that states could not collect sales tax on internet transactions unless the company making the sale has a physical location in the state.
Many states are grappling with how to replace lost sales tax revenue as more people buy items online instead of from traditional retailers.
A University of Tennessee study in 2012 estimated Mississippi is losing $303 million annually on “remote sales,” such as via the internet where there is no sales tax charged.
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