Online sales tax decision could give Utah another $60M
SALT LAKE CITY (AP) — Utah lawmakers are planning to ramp up the collection of online sales tax after a key U.S. Supreme Court decision, though much of the new money is expected to go toward an already-passed tax break for manufacturers.
Officials estimated Thursday the state could collect $60 million in revenue on top of about $140 million it already takes in through voluntary agreements with sellers like Amazon.
Lawmakers say a special legislative session could be called soon where they would hammer out exactly how it will be collected.
Utah Tax Commission Chair John Valentine says one question that’s still undecided is how the state would deal with sites like Etsy that don’t sell things directly but give people an online platform to make their own sales.
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