Texas online sales tax repeal

Texas online sales tax repeal

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!
jessy bachman started this petition to Texas State House and

Starting October 1st of 2019 Texas online buyers will be required to pay taxes on items purchased for online items. This Decision should be appealed and the requirement that that certain retailers have a physical presence in a state in order for that state to impose sales tax obligations on retailers reinstated.

 

If goods purchased over the Internet are taxed, this will raise the prices of the goods to the consumer. It will drive people back into brick-and-mortar stores to shop, which may help local economies, but could also hurt the growth of the free market in America. The ability to conduct business without sales taxes has been an attractive facet for owners of new businesses who do not have the starting capital or the time to rent out a physical location. Internet sales are encouraged by the sales-tax free environment abounding today. The Internet sales tax-free environment encourages consumers to purchase goods from out of state, to exercise an additional sense of personal autonomy by making purchases that are unrestrained by the constrictions of physical location, and to apply more scrutiny when looking for quality in goods.

 

The state of Texas collected nearly $29 Billion in sales tax revenue in Fiscal Year 2017 – a 2.3% increase from 2016. Even more recently, Texas has seen nearly a 10% jump in sales tax collections in January 2018 compared to the previous year and over a 12% increase in December 2017 compared to the same month in 2016. Regardless of revenue impact, Texas does not need another source of tax revenue as our state already collects more revenue than it needs to fund the core functions of state government.

Sources: www.investopedia.com http://www.lonestarpolicyinstitute.org

 

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!