Sunday, October 25, 2009

Study: Alabama losing big on Internet sales - al.com

Study: Alabama losing big on Internet sales - al.com: "MONTGOMERY — Alabama and its local governments are projected to lose $104 million in 2009 because of online retailers who do not collect sales taxes, according to a recent study.

As steep new cuts loom for the state's education and General Fund budgets, officials in Alabama and beyond are eyeing Internet transactions with renewed interest.

'We're hearing a lot of that momentum developing across the country,' said Alabama Revenue Commissioner Tim Russell. 'Why should one escape sales tax and the others not?'"