New York – Speeding Up Potential Online Sales Tax Collections

The coffers of New York state and its counties could reap the benefits of online sales tax collections sooner than anticipated.

The amendments introduced last week to the state budget would let collections on all internet sales begin in June instead of September, as originally proposed in the governor’s budget last month. This earlier effective date, which could be worth more than $60 million, is likely in response to the state’s unexpected revenue shortfall, which has Gov. Andrew M. Cuomo’s budget team looking for ways to save money and generate additional revenue.

For The Full Story: timesunion

by David Lombardo
February 18, 2019