Published on Thursday, June 28, 2018
From the National Association of REALTORS®:
In a win for commercial real estate, the U.S. Supreme Court announced a ruling on June 21st that states should be able to require online sellers to collect and remit sales tax on purchases. The National Association of REALTORS® submitted a friend-of-the-court brief in favor of this position, because it helps create an even playing field between brick-and-mortar retailers and online businesses. In the case, South Dakota v. Wayfair, Inc., the Court ruled that the “physical presence” requirement which previously controlled is out of date in an e-commerce era.
NAR’s position is that online retailers today have an advantage over brick-and-mortar stores. Brick-and-mortar stores must charge sales tax on purchases while the obligation to collect taxes in online purchases does not fall on the retailer.
Access the decision.
View the Voice for Real Estate video that discusses this ruling.
Author: Jeff Zirngibl
Membership Director at the REALTORS Association of Metropolitan Pittsburgh
1427 West Liberty AvenuePittsburgh, PA 15226-1101