• The Richmond Times-Dispatch reports that the Virginia State Senate has easily passed legislation that would require online retailers to collect a five percent state sales tax and sent the bill to the House of Delegates; if it passes there, it is not considered likely to be signed by Gov. Bob McDonnell, who recently won election by vowing to veto any new taxes.
Supporters of the bill include brick and mortar retailers who feel that the lack of an online sales tax puts them at a competitive disadvantage. Opponents include people who feel that such a tax would kill jobs at precisely the time that the state’s economy is trying to emerge from recession, as well as those who are anti-tax under any circumstances.
Supporters of the bill include brick and mortar retailers who feel that the lack of an online sales tax puts them at a competitive disadvantage. Opponents include people who feel that such a tax would kill jobs at precisely the time that the state’s economy is trying to emerge from recession, as well as those who are anti-tax under any circumstances.
- KC's View:
