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Internet Sales Losing State Billions in Taxes

December 16th, 2008 by Mike Vasilinda

Florida could be losing 2 Billion dollars a more in tax receipts it is already owed. State law already requires people who make purchases on the internet or out of state to voluntarily report and submit the tax to the state. The problem is that few people file such reports. Now, Rick McAllister of the states Retail Federation is calling on state lawmakers to put pressure on congress to allow sales taxes to be collected across state lines.

Thats money thats owed to the state of Florida, thats simply not being collected, is not being payed. And we need that money, we need that money to pay teachers, we need that money to help with our Medicaid bill. We need that money for all the things that the state provides for its citizens. So lets pass a resolution, lets put as much pressure as we can on congress and get this thing done, says McAllister.

Making the switch now could cost the state about 60 million dollars in the first year, because it would require syncing our taxable items with other states, but the loss is a one time expense compared to two billion or more in revenue. dr15mo

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