Thursday, August 16, 2018

Michigan wants to put internet sales tax revenues to roads | Crain's Detroit Business

Michigan wants to put internet sales tax revenues to roads | Crain's Detroit Business
See the source image"Starting Oct. 1, 6 percent sales tax will be applied to all companies with no physical location in Michigan
State estimates internet sales tax will net $203 million in first fiscal year
To allow funds to go just to roads, Legislature would have to change sales tax formula
Bloomberg-The U.S. Supreme Court ruled in June that states can collect taxes from internet sales, including on purchases made through online retailer Amazon.com Inc.
Michigan released how it will implement its internet sales tax collection process Monday, with Gov. Rick Snyder planning to urge the Legislature to put all the gains directly into road funding..."
Read on.

No comments: