Internet Costs States $26.6 Billion
By George Anderson
A University of Tennessee study has projected that states will lose $26.6 billion this year and almost $55 billion in 2011 if the federal government does not repeal its moratorium on Internet transaction sales taxes. The moratorium in force expires in November 2003.
Moderator’s Comment: What is your position on Internet
sales being subject to state sales taxes? [George
Anderson – Moderator]
study says states losing billions in tax revenues from internet sales – Zwire.com/