Collecting Internet Taxes Gaining Strength

The failure to collect taxes on internet purchases is a 23 billion dollar loophole nation wide. Legislation pending in Congress is the number one priority of state lawmakers meeting in Atlanta.

"Its money the we should be collecting but we don't have the regulatory authority to do so,” said Sen. Pamela Althoff.

A round table discussion drew the biggest crowd at the opening day lunch. Florida recently cut a deal with Amazon, the internet giant will start collecting the Florida tax in 2016. The Chairman of the National group pushing the tax collection says the Florida Amazon Deal will strengthen efforts to a national solution

"I think it enhances a possibility that the bill will pass, because they realize more and more retailers are expanding out," said Sen. Wayne Harper.

The message here is that states can avoid raising taxes in the future if they start collecting what they're owed.

For example in 2009 Florida nearly doubled its motor vehicle fees, had the internet sales tax collection been in place, that height could have been avoided.

A new study also suggests that collecting the tax will produce jobs. Orlando State Senator Geraldine Thompson says businesses are coming around.

"And now that those business are speaking up and they see that it impacts them in a negative way, I believe that we are going to see some movement this year," said Sen. Geraldine Thompson.

Most estimates say that Florida is losing between one and four billion a year in taxes that is owed but isn’t collecting.

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