LANSING – The state is close to being in line for a potential annual windfall of tens of millions in new revenue after the Senate passed legislation Wednesday requiring the collection of sales tax from online retailers and sent the package to Governor Gretchen Whitmer‘s desk.
Passing the Senate were HB 4540, HB 4541, HB 4542 and HB 4543. The bills require online retail entities that sell at least $100,000 in goods or at least conduct 200 retail transactions in Michigan to collect sales tax and provide the revenue to the state.
The legislation if signed would codify a federal court decision allowing the collection of internet sales taxes from online retailers, moving the state one step closer to having access to millions in new revenue. Each of the bills passed 36-0 without debate.