Kate Talerico Louisville Courier Journal Published 11:23 p.m. UTC Jun 22, 2018 For years, Kentucky’s brick-and-mortar retailers were left at a disadvantage as online purchases soared. But since the Supreme Court closed a loophole that allowed consumers to avoid sales tax by making purchases online, state officials are preparing to start collecting these taxes starting as early as July 1. “Kentucky is fully prepared now to collect the retail tax,” said Matthew Smith, a spokesman for Steven Ruby, chairman of the House budget committee. Estimates from the federal Government Accountability Office indicate that Kentucky could gain $93 million up to $140 million in tax revenue because of the ruling in South Dakota vs. Wayfair. But the tax also could increase prices for those shopping online. “This will finally level the playing field,” said Jennifer Rubenstein, director of the Louisville Independent Business Alliance. “Local brick-and-mortar stores have been at a 6 percent disadvantage against online retailers.” More: With aluminum tariffs, Matt Bevin is compromised and bourbon will pay The sales tax loophole was a product of a prior Supreme Court case — decided in the days before eCommerce exploded — that allowed states to collect sales taxes from retailers only when they had a physical presence there. As online retail sales grew, some states,… Read full this story
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