LATEST ATTEMPT TO GET STATE HANDS ON NEW REVENUE MAY
ENCOUNTER PROBLEMS OF LEGALITY, CONSTITUTIONALITY
South Carolina’s sales tax is unfair in its imposition and isn’t producing enough revenue. At least that appears to be the opinion of many senators. Several who take that view introduced a measure they no doubt believe will help to remedy the problem. Rather than taking the straightforward approach of eliminating the many sales tax exemptions in the current code and using the revenues to cut general tax rates, these lawmakers have decided to go after online retailers, specifically out of state online retailers.
S.170 would require online retailers that make more than $10,000 a year in South Carolina sales, and that enter into an agreement with South Carolina-based web users to refer clients, to collect and remit sales tax. (The bill’s language is more precise…
Continue reading this story at The SC Policy Council.