New online sales tax law provides for accountability in collections

New online sales tax law provides for accountability in collections

JONESBORO, Ark. (KAIT) - With the new fiscal year, the Arkansas legislature passed a bill making online companies become more accountable.

Beginning on July 1, online stores now collect sales taxes.

In the past, the companies did not have to collect the taxes.

Chris Gipson, manager of Harris Furniture in Jonesboro, said it is only fair that everyone pay their share.

“The biggest takeaway from it is that this tax will put everybody on an equal playing field,” he said. “We were at a disadvantage.”

He said they’re looking forward to the impact it will have across the state.

“Everybody will benefit from it, from the tax dollars that will be coming into the state,” Gipson said. "I think, overall, it’s going to be a great thing.”

Copyright 2019 KAIT. All rights reserved.