Lawmakers on Thursday approved regulations that will allow Nevada to start collecting sales taxes from online retailers who sell to Nevada customers.
Taxation Director Bill Anderson said Nevada is one of 32 states moving to collect those taxes in the wake of the Supreme Court decision in South Dakota v. Wayfair — a ruling that said it’s legal for states to collect from retailers that don’t have a physical presence in their state.
He said the target date is Oct. 1 but “it’s not going to be an immediate windfall.” Anderson said it will take time for retailers to sign on through the Streamlined Sales and Use Tax Agreement and begin to remit those taxes.
“It will evolve over time,” he said. “We’re not going to come in here Monday and it will magically be in place.”
Nor will the tax generate huge amounts of sales tax cash even though current estimates are 10 percent of all taxable sales are now occurring online. Anderson said Nevada already has agreements with major online retailers that make up about half that percentage of sales and is getting those revenues. The biggest was the agreement Gov. Brian Sandoval worked out with Amazon, which now collects sales taxes on items purchased directly from it.
by Geoff Dornan
September 27, 2018
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