In its first year, Pennsylvania’s new tax on internet sales has made significantly more money than lawmakers planned for—and experts think the influx is due, in part, to rapidly expanding online commerce. The so-called Marketplace Fairness Act took effect last March. It targeted online retailers like Amazon, requiring them to apply the state sales tax to items they sell via third-parties. According to the state Revenue Department, it was expected to make about $50 million in its first fiscal year. But in a recent presentation to lawmakers, the state’s Independent Fiscal Office said it’s on track to make $300 million.
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by katie meyer
april 23, 2019