How Much Could States Benefit From Online Sales Tax?
Tax-free sales on the Internet may be coming to an end, and in some states that could mean a big boost in revenue. According to the National Conference of State Legislatures (NCSL), nationally taxes on online sales could translate into $23 billion in new annual revenue. Of course, the largest states would benefit most from sales taxes. Estimates from the NCSL show California could take in $4.16 billion, followed by Texas and New York at $1.78 billion and $1.77 billion, respectively.
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