VA Senators Praise Online Sales Tax Collection Bill
Both of Virginia's senators are praising a bill to allow online sales tax collection in the state.
The Marketplace Fairness Act passed the Senate Monday with a vote of 69 to 27.
In Virginia you are already required by law to pay tax on online sales, be it sales tax or a use tax on a personal tax return. This law would allow online retailers to collect sales tax at the point of sale.
"Dedicating these online sales tax revenues, which are already part of the law, I think makes some good sense, and now we've simply put in place a mechanism to collect it," said Senator Mark Warner (D) Virginia.
The bill now heads to the U.S. House of Representatives. If it passes, it would generate about $250 million in Virginia with much of that already earmarked for transportation projects.
VA Senators Praise Online Sales Tax Collection BillMore>>
Ed joined the NBC29 news team in May, 2011. A Charlotte, NC, native, he graduated from the University of North Carolina at Chapel Hill with degrees in journalism and political science.Full Story
Ed joined the NBC29 news team in May, 2011. A Charlotte, NC, native, he graduated from the University of North Carolina at Chapel Hill with degrees in journalism and political science. Email/Follow on Twitter/ Full Story
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Friday, July 25 2014 10:37 AM EDT2014-07-25 14:37:34 GMT
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