internet sales tax??? WTF

No, because it says that it will begin on, not be enforced on.

You guys are talking about two different bills. I’ll break it down:

The first bill is centered around your business locations. Any state your business has a store front or warehouse location in, you are supposed to collect sales tax from sales that occur in that state. A sale is considered to have “occurred” in the state in which the new owner takes delivery. So if I ship something to Alaska, where I do not have any warehouses or stores, I do not have to collect sales tax. If I ship something to someone in New York, where I do have locations, I have to collect sales tax. This has been going on for a while.

The second bill is a newer one and was expected to go into effect June 1 (and I guess it did, haven’t read my news yet). Amazon has been fighting it strongly because the whole bill was aimed directly at them… it was even called the Amazon Bill informally. The new law basically perverts the original law and now says that if you are an online business without any presence in NY, but you have an affiliate (any company, online or otherwise, that makes money by directing people to your company) that DOES have a presence in NY, then you are considered to have a presence in NY and are required to collect sales tax. It’s an effort to raise $50 mil more in tax revenue this year, but only affects companies that make more than $10,000 from affiliate sales.

However, the unexpected result of this has been that some companies, like Overstock.com, are just refusing to work with any affiliate from NY. Last I heard Amazon said it was not going to stop working with NY affiliates, but it’s not hard to see that it might be in their best interest to stop doing business with NY companies…

It will be interesting to see how it plays out…

lol, perverts

http://dictionary.reference.com/browse/pervert

per·vert Audio Help [v. per-vurt; n. pur-vert] Pronunciation Key - Show IPA Pronunciation
–verb (used with object)

6. to misconstrue or misinterpret, esp. deliberately; distort: to pervert someone’s statement.