elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Thu May 26, 2011 9:00 am Post subject: Overstock.com severs ties in Conn. over sales tax |
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HARTFORD, Conn. (AP) -- Online discount retailer Overstock.com Inc. says it has canceled ad contracts with Connecticut affiliates rather than collect the state's sales tax recently extended to online sales.
The Salt Lake City-based company said Tuesday it believes the law requiring out-of-state retailers to collect sales tax is unconstitutional. Web sites that get a share of the sales price when an online customer buys a product through an Overstock.com link will no longer be paid.
The 6.35 percent tax, which applies to online sales for the first time, takes effect July 1. The state expects to raise $9.4 million.
more.. link to news article |
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