For a long time, Allegany County along with the New York State Association of Counties (NYSAC) has been in support of collecting sales tax from online, out-of-state vendors. These sales have hurt the Mom and Pop retailers as well as larger retailers with brick and mortar establishments in Allegany County.
The recently announced U.S. Supreme Court decision in South Dakota v. Wayfair, et al. is good news indeed. This decision allows states to require a company with no physical presence in the state to collect and remit sales tax on internet sales. This could help level the playing field between the online vendors and our local businesses as well as providing the lost revenue through sales tax which is not currently being collected with these online sales.
While this comes as good news, we must wait and see what action is taken in Albany as to the structure of New York State Law requiring the collection of these taxes. The exact financial impact for Allegany County is yet unknown; however, state-wide estimates range from $500 million to $900 million annually in uncollected sales tax.
For Release: Immediately
Confirmation: Curtis W. Crandall, Chairman
Office Phone: 585-268-9222