Boston Business Journal
As part of the state budget passed this week, the Legislature required more online retailers to collect and hand over sales taxes for transactions in the Bay State. Lawmakers expect the change to bring an additional $42 million in tax revenue this fiscal year.
The new legislation expands the pool of businesses subject to the tax by lowering the revenue threshold. Going forward, online retailers that have annual Massachusetts sales of more than $100,000 must hand over the taxes. . . . more