The state is raking in millions more in tax dollars from online shoppers in South Carolina after forcing online retailers to charge sales tax.
South Carolina pocketed about $40 million in added sales tax revenue from South Carolinians since November, not long after the U.S. Supreme Court decided in June 2018 that states could slap its sales tax onto online retailers without a physical presence in the state.
In May alone, Palmetto State online shoppers helped to generate about $3.5 million that will flow into state coffers.
Those millions in sales tax dollars were collected from 3,089 newly licensed businesses in the state added to the books since the new ruling applied Nov. 1, according to the S.C. Department of Revenue. It’s unclear which companies generated the most tax revenue for the state. The state’s tax agency declined to say who the top three retailers were, citing a disclosure requirement in the law.
For The Full Story: The Statethe state
by maayan schechter
july 15, 2019