INDIANAPOLIS (AP) — Indiana has filed a lawsuit in defense of a new law that would allow the state to collect sales tax from out-of-state businesses.
Gov. Eric Holcomb said Monday that he wants the U.S. Supreme Court to overturn its 1992 ruling that said out-of-state retailers don’t have to collect and remit sales tax if they don’t have a physical presence in the state.
Holcomb says the court needs to revisit the ruling because of online sales growth and improvements in software and technology.
The lawsuit has been filed against Boston-based home goods retailer Wayfair Inc. and Utah-based closeout retailer Overstock.com Inc.
An Indiana Fiscal Policy Institute and Ball State University study estimates the state lost around $77 million in 2012 because it couldn’t collect online sales taxes.
4 comments
Holcomb is so greedy that he will now go after taxes from other states. This guy is something else. This issue was resolved 25 years ago by the Supreme court but apparently Holcomb doesn’t care. He wants money so he will spend our tax dollars to go after more tax dollars. Holcomb is absolute proof that there is no difference between Dems and Republicans anymore!
Politicians just love to dream up new ways to take your money. Maybe they should just learn how to spend less.
That’s the correct answer but unfortunately not one considered.
[…] a state is taking two of am – Overstock & Wayfair Inc. – to court in an effort to force am to collect & remit a tax. (Associated […]