Council approves resolution supporting tax collection through online sales
By The Waldron News
A resolution by the city of Waldron supporting federal and state legislation to endure proper assessment and collection of sales tax from internet/online sales thereby creating a fair and free market for all businesses and consumers regardless of the location of the business from which the purchase was made was voted upon and passed during the July 11th Waldron city council meeting.
With the support of the resolution by the city, if passed, legislation would require retailers to collect and remit tax to state and local governments for out-of-state online sales.
According to Senator Terry Rice, the passage of this Marketplace Fairness and Remote Transaction Parity Act would be beneficial to Scott County due to dollars received by online purchases. Regardless of the store having a brick and mortar within the state of Arkansas, citizens would be required pay the sales taxes of their billing location/ZIP code.
"This would even up the playing field, and out-of-state internet retailers would no longer be able to evade collecting the state and local sales tax" shared Rice.
The resolution was in favor, 6-0.