November 18, 2002
Internet Costs States $26.6 Billion
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By George Anderson
A University of Tennessee study has projected that states will lose $26.6 billion this year and almost $55 billion in 2011 if the federal government does not repeal its moratorium on Internet transaction sales taxes. The moratorium in force expires in November 2003.
Moderator’s Comment: What is your position on Internet
sales being subject to state sales taxes? [George
Anderson – Moderator]
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