Last year, the Georgia Legislature passed a bill – signed into law by Gov. Nathan Deal – that would require online-only retailers to begin collecting and remitting our state’s sales tax.
While some retailers are following the law, others refuse to do so and remain shielded by a federal Internet sales tax loophole.
A new study shows closing the online sales tax loophole will provide myriad benefits, according to economists Art Laffer and Donna Arduin, including:
• The potential to lower overall tax rates and fuel economic growth.