REPORT: STATE ON LOSING END OF INTERNET PURCHASES

A new report says that the state has lost $171 million in sales tax in the past two years due to online sales. Internet-only businesses are not required to take in a sales tax, as long as they don’t have a ha physical presence in the state. The Star-Ledger is report that the New Jersey Retail Merchants Association are pushing for lawmakers in Trenton to change legislation to take in that sales tax, to help out mom-and-pop businesses that don’t have the advantage that online businesses do. Some say that any change would have to come at the federal level.