Tags: US | Colo | Tax | Breaks

Online Retailers Could Have to Collect Colo. Tax

Friday, 05 Feb 2010 10:21 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Pot Seen as Reason for Rise in Denver Homeless

Saturday, 26 Jul 2014 15:44 PM

Officials at Denver homeless shelters say the legalization of marijuana has contributed to an increase in the number of  . . .

Police: 'Not Giving Shrek a Noise Ticket'

Saturday, 26 Jul 2014 14:25 PM

A musical being performed in a New Hampshire park has drawn some noise complaints, but the deputy police chief says he's . . .

Gifts-for-Favors Trial Starts Monday for Ex-Gov. McDonnell, Wife

Saturday, 26 Jul 2014 12:22 PM

Former Virginia Gov. Bob McDonnell, his reputation already tarnished and his political future destroyed by a gifts-for-f . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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