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KOAT-TV.com - Millions of people looking to score a deal on Christmas gifts can find a good one online. Tax-free shopping lures people away from the lines at the mall, but now that tax break could be going away for New Mexico shoppers. Fifteen percent more tech-savvy shoppers cashed in on the tax-free online purchasing. But this year, $30 billion wasn't spend in malls, it was spent online, and New Mexico Rep. Eleanor Chavez, a Democrat from Bernalillo, says that's tax money the state is losing out on. Chavez is one of several lawmakers who will be sponsoring legislation this upcoming session that will allow New Mexico to tax online retailers. "It creates an unfair competition, so what we really want to do is level the playing field" says Chavez Small businesses suffer every time New Mexicans shop online, and at a time when the state is tightening its belt, the tax is money that could be well spent.
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New Mexico Legislator Wants To Tax Online Purchases
From KOAT-TV.com - Millions of people looking to score a deal on Christmas gifts can find a good one online. Tax-free shopping lures people away from the lines at the mall, but now that tax break could be going away for New Mexico shoppers. Fifteen percent more tech-savvy shoppers cashed in on the tax-free online purchasing. But this year, $30 billion wasn't spend in malls, it was spent online, and New Mexico Rep. Eleanor Chavez, a Democrat from Bernalillo, says that's tax money the state is losing out on. Chavez is one of several lawmakers who will be sponsoring legislation this upcoming session that will allow New Mexico to tax online retailers. "It creates an unfair competition, so what we really want to do is level the playing field" says Chavez Small businesses suffer every time New Mexicans shop online, and at a time when the state is tightening its belt, the tax is money that could be well spent. Read more
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