Texas lawmakers gave final approval to legislation clarifying state sales tax requirements for internet businesses and closing what critics call a loophole that's allowed online retailers to not collect the tax. The bill changes the definition of "physical presence" in the state, appeasing local retailers who complain that internet retailers have an unfair price advantage.
May 17, 2011 at 12:00 AM
1 minute read
Texas lawmakers gave final approval Friday to legislation clarifying state sales tax requirements for internet businesses and closing what critics call a loophole that’s allowed online retailers to not collect the tax.
The measure now awaits Gov. Rick Perry’s signature before it can become law.
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