Richmond, Va. (WTKR) – Proposed legislation working its way through Congress would allow states to collect sales tax on purchases made over the internet. According to a report from WTVR/CBS 6 in Richmond, Va. specific language in the Commonwealth’s new transportation funding bill would allocate some of the revenue from internet sales tax to statewide transportation funding.
The reportsays Virginia Governor Bob McDonnell is expected to sign the transportation legislation into law Monday afternoon. If Congress passes the internet sales tax initiative, the Governor’s Office predicted $252.6 million in revenue from online sales tax in fiscal year 2014. How much money would go directly to statewide transportation?
Find that information, and more from the complete story, HERE. WTVR/CBS 6
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