Do you sell online?

Re: Do you sell online?

Ralph Lindberg

There are already e-commerce sites that help sort that out. They aren't 100%, but....

Yes, but...

Ed Davidson

Old law: If you don’t have a presence in a state, then you are NOT required to collect sales taxes. In my state (Colorado) for example, if you sell less than $1000 worth of goods online or otherwise to buyers residing in the state, you are exempt from collecting sales tax. If you sell more than $1000 annually, you must apply for a sales tax collection license from the state, which in some cases, requires posting a cash bond.

New law, effective today: who knows...literally everything from this point forward is subject to change. For example, some states have a "de minimis" (too small to mess with) annual sales threshold of $100,000, where they do not enforce penalties on sellers who do not collect their taxes. But, there's nothing to stop states from lowering that threshold.

Re: Do you sell online?

Don Stephan

This will create a more even playing field for brick and mortar stores, and perhaps slow the demise of neighborhood retail. States know they will have to modify quirky sales tax laws in light of this decision, and there will be grace periods until administrative software solutions are worked out.