• The Washington Post reports that the Virginia State Senate has voted “ to close the so-called Amazon loophole that has allowed the online retailer giant to duck the state sales tax.”
According to the story, “Internet sales are subject to the same 5 percent Virginia sales tax as sales at bricks-and-mortar stores. But if an online retailer does not collect the tax, it is up to customers to pay it on their state income taxes, though it is believed that many do not know that.” The new bill, if it becomes law, “would require retailers with a physical presence in the state to collect and pay the state sales tax.” Amazon has one distribution center there, and plans to open two more by the end of the year.
According to the story, “Internet sales are subject to the same 5 percent Virginia sales tax as sales at bricks-and-mortar stores. But if an online retailer does not collect the tax, it is up to customers to pay it on their state income taxes, though it is believed that many do not know that.” The new bill, if it becomes law, “would require retailers with a physical presence in the state to collect and pay the state sales tax.” Amazon has one distribution center there, and plans to open two more by the end of the year.
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