Online sales tax ruling to boost state, local budgets
Story Date: 6/25/2018

 

Source: Laura Leslie, WRAL, 6/22/18

The U.S. Supreme Court's ruling Thursday that states can require online retailers to collect sales tax on purchases made by their residents could be a boon for state and local budgets in the coming years. A 2017 study by the federal Government Accountability Office estimated that North Carolina was losing $235 million to $350 million a year in sales tax on online purchases.

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