WITN  | Greenville, NC  | News, Weather, Sports

Amazon Charging Sales Tax Equals Millions For State And Local Governments

North Carolina state and local governments could get up to $43 million in additional revenues annually now that Internet retailer Amazon will start collecting sales tax on items purchased online from within the state.

The General Assembly's top staff economist told a legislative committee the state could see $20 million to $30 million more annually, while cities and counties could get $10 million to $13 million more in their coffers.

Amazon announced it will begin charging sales taxes on purchases made in North Carolina starting Feb. 1. Customers are required to pay taxes for online purchases, but the requirement is often not enforced by out-of-state retailers.

The combined local and state sales tax most consumers pay is 6.75 percent. The percentage is slightly higher in about 25 counties.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 242529231