Internet Sales Cut Into State’s Tax Revenue
(Las Vegas, NV) – Online retailers are taking a bite out of Nevada’s sales tax revenue. A new report by the Retail Association of
Nevada says Internet sales will mean $16-million less for the Silver State this year. Other reports estimate a loss of as much as $100-million a year. RAN warns the impact is “certain to grow larger with time.” The Legislature has failed to pass a law requiring online sellers to collect Nevada sales taxes.