New York – Online Sales Tax Expected to Net $540M Annually for New York


Online shoppers in New York will soon take a hit in their wallets under a new law that forces out-of-state retailers to collect sales tax from Empire State customers.

The just-passed state budget includes a new online “marketplace provider” tax that’s expected to generate $540 million in government revenues annually after it goes into effect on June 1.

The new law says sales tax must be collected by any business that ships at least $300,000 worth of goods into the state or completes at least 100 transactions with New Yorkers annually — which could cover plenty of people who peddle their junk on eBay or Craigslist.

New York Post