Vermont – VT Online sales costing Vermont millions in tax revenue

VERMONT PRESS BUREAU

By: | 2 HOURS AGO February 22, 2017


MONTPELIER — The state will take in another $8 million or so in annual sales tax revenue now that Amazon has agreed to collect and remit it, but the state will continue to miss out on about $13 million more from online purchases and mail orders, according to the Legislature’s Joint Fiscal Office.

Vermont’s sale tax must be collected from retailers who have a presence, or what is known as nexus, in the state. The state has tried without success in recent years to collect the sales tax for online purchases from retailers who do not have a presence in Vermont.

Amazon, the nation’s largest online retailer, began voluntarily collecting Vermont’s 6 percent sales tax this month. But plenty of other online retailers continue to sell goods to Vermonters without collecting the tax. Vermonters are supposed to pay the sales and use tax due on online purchases when they file their annual income tax returns, but only about 10 percent of filers report any tax due.


For further information:

http://www.vermontpressbureau.com/2017/02/22/online-sales-costing-vermont-millions-in-tax-revenue/