Michigan to start enforcing sales tax on more online retailers
LANSING » Michigan’s 6 percent sales tax will soon be applied to many companies with no physical location in the state, according to the Michigan Department of Treasury.
The department announced Monday (August 13th, 2018)that sales tax will be collected from online out-of-state retailers that exceed $100,000 in sales or have 200 or more transactions in Michigan within the previous calendar year.
The rule change beginning Oct. 1 will bring in an extra $200 million per year in state revenue, according to the state agency’s estimates.
“We will be working closely with our retail and business partners to ensure a smooth transition to the new rule,” State Treasurer Nick Khouri said.
The move follows a recent U.S. Supreme Court ruling that gave states authority to require online retailers without a physical presence in the state to collect sales tax on their behalf.
Michigan already requires large retailers with a presence in the state, such as Amazon and Overstock, to charge the tax. — The Associated Press
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08-15-2018, 06:16 PM
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