Let the New York Online Tax Collection Begin
Posted in: Government & Policy at 04/06/2008 08:12
If you live or work in New York State, look closely when buying online.
Last Sunday, many but not all online retailers started to collect sales tax on goods shipped into New York. Most significantly, Amazon.com, the largest online store, was one of them.
In April, as part of its 2008-2009 budget, the state legislature passed what is being called the "Amazon Tax." What's new isn't actually a change in the law -- New York residents always owed tax on their purchases -- it is an expansion of the law that is meant to force online retailers to collect the tax and send it to New York. Any company with physical operations in the state -- such a store or office -- already collects tax for the state.