Online sales tax ruling might bring $30M more to Nevada

Friday, June 22, 2018|9:26 a.m.

Nevada’s leading tax authorities says a U.S. Supreme Court ruling Thursday allowing states to need more online retailers to gather sales tax could bring in an extra $30 million a year for Nevada.

Nevada Department of Taxation Executive Director Costs Anderson stated in a declaration that quantity of online sales the state can tax is anticipated to more than double.

The court’s 5-4 ruling was a big win for states who argued they were losing billions each year under old court judgments concerning online sales tax.

The court Thursday reversed judgments that stated if a company was delivering an item to a state where it didn’t have a physical presence such as a warehouse or office, it didn’t have to collect the state’s sales tax.

Leave a Reply

Your email address will not be published. Required fields are marked *