Study: States allow retailers about $1B worth of sales taxes

11/18/2008 | Wall Street Journal, The

Retailers may keep a small percentage of sales-tax revenue according to laws in 26 states, a report found. The laws were enacted to compensate retailers for the cost of collecting the taxes. The report's researchers questioned the laws because many states are facing budget deficits. Such laws should exist because it costs retailers money to collect taxes and they are "doing the state or local government's business for them," an industry group representative said.

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