Thursday, April 3, 2014

Sales Tax Slice: How Much Revenue Do States (Really) Lose From Remote Sales?

"Lost tax revenues mean the state and local governments will have fewer resources to provide their residents essential services, like education and police and fire protection,” said House Judiciary Committee ranking member Rep. John Conyers (D-Mich.) at the hearing.  He said the Michigan Department of Treasury estimates Michigan loss of revenue from remote sales will total $290 million this fiscal year.
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