Gov. McAuliffe targets internet sales taxes to close Virginia’s $1B budget gap

by
December 17, 2016

RICHMOND, Va. (AP) – Virginia Gov. Terry McAuliffe wants to force certain internet retailers to collect sales taxes to help close a more than $1 billion state budget shortfall.

McAuliffe’s proposals to plug the budget gap outlined Friday include requiring out-of-state retailers with facilities in the state to collect taxes for online purchases from Virginia residents.

McAuliffe also wants to slow the rollback of a budget-balancing gimmick that requires some merchants to pay early estimated sales taxes.

He’s also proposing to waive penalties and some interest for individuals and businesses that owe back taxes, which he says will generate nearly $60 million.

Virginia’s public colleges and universities would also see a 5 percent cut in state funding in fiscal year 2018. That’s lower than the 7.5 percent cut McAuliffe had warned they might get.

  • justinwachin

    Kentucky already collects sales tax on internet sales where the seller has a presence in Kentucky and the buyer is in Kentucky. That affects me on some purchases but I buy few things from Kentucky internet stores.

    Maybe the governor should try to cut expenses and work to grow his state. If he spent less time in the Democrat party cesspool he might have more time to do his job in a competent manner.

  • Cal Har

    Perhaps if they remove this space taker, they will solve the gap???

  • ccannon

    Sounds like a typical Dumbocrat!

  • Luke

    He should target the fraud and stealing going on in his criminal administration. A liberal couldn’t run a lemonade stand without stealing the money..

  • Walter Flatt

    JUST ANOTHER IDIOT THAT DOES NOT KNOW ANYTHING ABOUT HOW TO RUN A BUSINESS, HE HAS NO IDEA ON HOW TO OPERATE WITHIN, OR BELOW A BUDGET. I EVEN DOUBT HE KNOW HOW TO WORK UP A BUDGET. CAN HE EVEN BALANCE HIS OWN CHECK BOOK?

  • rivahmitch

    Internet vendors receive no benefits from money paid to the Commonwealth. This is simpoly an attempt to steal more money from residents and force non-Virginian businesses to collect it for McAwful and its fellow Democommies to buy votes with. This Virginian says “CUT THE BUDGET, Azzhole!”

  • Mort Leith

    How can you have some of the highest taxes in the country,,
    and STILL have a $1Billion budget gap ? ? ? ?

    • empty pockets

      Because lowering taxes generates MORE revenue–more money in private hands changes hands generating taxes at every transaction. If you want less of something…tax it.

      Then there’s the spending….

      • gvette

        You are correct!

      • Retired

        Va. sure FU electing this Clinton loving trash bag.

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