Vermont collects double the online sales tax expected

WCAX, 1/31/20 – MONTPELIER, Vt.  Vermont has collected double the sales tax expected from online companies. That’s according to the latest numbers WCAX News requested from the Vermont Department of Taxes.

The “Wayfair” Supreme Court decision in 2018 allowed Vermont to force large online companies to collect state sales tax. It was expected to bring in about $3 million-$10 million. In the first year, the state collected $10.2 million from retailers that registered because of the Wayfair decision.

This year, they’re already on track to outpace that. They also collected another $13.4 million from online marketplaces like eBay or Etsy.

For the full article and video by WCAX please click here.