State could lose revenues in multi-state tax compact
Maryland would forgo millions of dollars in tax revenue if it joined a 23-state compact aimed at collecting sales tax from “remote sellers” like Amazon.com, according to a report issued to lawmakers.
The report from Comptroller Peter Franchot’s office said the state would be short by up to $66.3 million next year if it adopted a “streamlined sales tax” standard.
Maryland has been waiting on federal action before it changes the way it collects the sales tax, largely because states can’t uniformly charge tax on Internet and mail-order transactions without a broad legal authorization by Congress.
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