WYOMING – Growing Percentage Of City Revenue Coming From Internet Sales Tax

While Sheridan’s sales and use tax revenues have continued to grow this year, those gains are increasingly dependent on internet, rather than local, sales, according to a presentation City Treasurer Karen Burtis delivered this week.

The city’s internet sales tax returns have grown by 157% in 2019 over last year, year-to-date, which equals about $100,000 in additional revenue.

Burtis’s presentation also showed internet sales tax revenues in July — sales and use tax reports are always two months in arrears — were up 236% over July 2018, an increase of just more than $50,000.

For the Full Story: The Sheridan Press

The sheridan press
Michael illiano
September 20, 2019