Online Retailers Hoping Congress Acts As PA Delays Enforcement Of Sales Tax Law

HARRISBURG — Out-of-state retailers will not collect sales tax on goods they sell online to Pennsylvania residents until Sept. 1, according to the Pennsylvania Department of Revenue.

The clarification in the Pennsylvania tax law has spooked several advertisers into terminating their agreements withPennsylvania publishers in December.

As retailers adjust to the newly interpreted tax law, state residents must track the 6 percent sales tax on the goods they purchase and declare that amount on their 2011 tax return forms, according to the state tax code.

Opponents of the new law, which originally was expected to go into effect Wednesday, said the state will lose more than $22 million in revenue, because Internet companies won’t do business here.  (NO KIDDING!)

Read more: http://business-news.thestreet.com/montgomery-news/story/online-retailers-hoping-congress-acts-pa-delays-enforcement-sales-tax-law/1

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