CLOSINGS: View Closings

Online sales taxes start Oct. 1 in Minnesota

State could take in over $100 million in additional tax revenue.

Posted: Jul. 25, 2018 3:34 PM

ST. PAUL, Minn. (AP) — Online shoppers in Minnesota will soon have to pay more on goods and services in their digital shopping carts.

The Minnesota Department of Revenue said Wednesday that it's requiring online sellers operating out of state to start collecting state sales taxes by Oct. 1. It's a response to last month's U.S. Supreme Court decision that makes it easier for states to collect taxes on online sales.

States can require vendors to collect sales tax if they don't have a physical presence in their state following the ruling. Officials in South Dakota, who brought the case forward, say states were deprived of millions of dollars in tax revenue from online purchases.

The U.S. Government Accountability Office estimates Minnesota could take in between $132 million and $206 million in additional revenue annually.

Article Comments

Mason City
Clear
34° wxIcon
Hi: 42° Lo: 22°
Feels Like: 29°
Albert Lea
Clear
36° wxIcon
Hi: 40° Lo: 24°
Feels Like: 29°
Austin
Clear
36° wxIcon
Hi: 39° Lo: 21°
Feels Like: 30°
Charles City
Clear
39° wxIcon
Hi: 44° Lo: 21°
Feels Like: 35°
Rochester
Clear
31° wxIcon
Hi: 39° Lo: 23°
Feels Like: 23°
Beautiful weather spills into Sunday.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Prep basketball highlights across Southern Minnesota

Image

Prep basketball highlights across North Iowa

Image

Prep basketball highlights across Southern Minnesota

Image

48 Hours Preview: Find Jodi

Image

Helping Single Mothers

Image

Local officer receives CIT Officer of the Year Award

Image

Students on public buses

Image

North Iowa Humane Society receives large donation

Image

Friday Evening's StormTeam 3 Forecast

Image

KIMT News at 6 "A" Block Dec. 14, 2018

Community Events