California is facing budget problems yet again, and once again state lawmakers are hoping to shake down Internet retailers as a fast source of revenue. A bill introduced by Democratic Assemblywoman Nancy Skinner (AB 153) proposes to force out-of-state businesses to collect tax if they use an in-state company to generate leads. It’s an idea that has been tested in New York and led to significant losses in that state. It seems that by attempting to generate more income, Skinner could wind up killing jobs and diminishing revenue for California.
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California Shouldn't Follow NY's Internet Tax Plan
Posted by: Sonia Arrison January 26, 2011 05:00 AMCalifornia is facing budget problems yet again, and once again state lawmakers are hoping to shake down Internet retailers as a fast source of revenue. A bill introduced by Democratic Assemblywoman Nancy Skinner (AB 153) proposes to force out-of-state businesses to collect tax if they use an in-state company to generate leads. It’s an idea that has been tested in New York and led to significant losses in that state. It seems that by attempting to generate more income, Skinner could wind up killing jobs and diminishing revenue for California.