Internet Commerce and State Sales and Use Taxes
Description:
State governments rely on sales and use taxes for approximately one-third
(33.6%) of their total tax revenue - or approximately $179 billion in FY2002 .'
Local governments derived 12.4% of their tax revenue or $44 .1 billion from local
sales and use taxes in FY20012 Both state and local sales taxes are collected by
vendors at the time of transaction and are levied at a percentage of a product's retail
price. Alternatively, use taxes are not collected by the vendor if the vendor does not
have ne…
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Date:
March 31, 2004
Creator:
Maguire, Steven
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department