Tags: US | Colo | Tax | Breaks

Online Retailers Could Have to Collect Colo. Tax

Friday, 05 Feb 2010 10:21 AM

 

Colorado is considering becoming the fourth state to force online retailers like Amazon to charge state sales tax.

The Senate Finance Committee backed the proposal late Thursday. The House has already approved the measure, one of 13 tax bills proposed to balance the state budget.

Colorado retailers back the bill, saying online retailers should have to collect taxes just as they do.

But small, home-based businesses that earn money by linking customers to online stores fear that change could cost them their livelihoods.

The state revenue department says products sold through these affiliates will be exempt from sales tax. But the businesses fear online stores could abandon them anyway rather than risk being forced to collect taxes in Colorado.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved