Tags: US | Colo | Tax | Breaks

Online Retailers Could Have to Collect Colo. Tax

Friday, 05 Feb 2010 10:21 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  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 This material may not be published, broadcast, rewritten or redistributed.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:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> 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

California Considers Protecting Rare Gray Wolf

Wednesday, 16 Apr 2014 18:15 PM

A state board will consider granting the gray wolf endangered species status on Wednesday, giving it a chance at returni . . .

University Protesters Want Condi Rice Arrested

Wednesday, 16 Apr 2014 17:56 PM

Nearly 200 University of Minnesota professors and students are protesting Condoleezza Rice's scheduled speech Thursday o . . .

Arkansas Voter ID Law Challenged in Court by ACLU

Wednesday, 16 Apr 2014 17:33 PM

The American Civil Liberties Union of Arkansas is asking a judge to strike down a state law requiring voters to show pho . . .

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