How to resolve AdBlock issue? STATEWIDE – On behalf of member counties, retailers and property taxpayers, the New York State Association of Counties (NYSAC) called on state legislators this week to support the Internet Fairness and Conformity Act in the 2018-19 State Budget.
The proposed law would require online companies with more than $100 million in annual sales, such as Amazon, eBay and Etsy, to collect sales tax on any sales coming into New York. Currently, the state's tax collection system does not require out-of-state, Internet-based competitors to collect sales taxes.
From a government revenue standpoint, counties rely on two forms of taxes: property taxes and sales taxes.
In 2011, property taxes were capped by the state, and sales tax revenues have been largely stagnant since the recession of 2008.
The result, according to NYSAC, is that counties and local governments that rely on these two forms of revenues have been dipping into reserves, cutting services and programs, reducing their workforces, and delaying critical infrastructure projects.
