As individual taxpayers, we all know how difficult it is to understand and accurately fill out your state tax forms. Now, imagine you had to do this for 50 states, with each state having its own specific forms, requirements, and timelines. Also add into the mix the fact that each of the 50 states could change its compliance policies at any time.
Roswell, GA (PRWEB) March 11, 2010
Sylvane, an online retailer of residential and commercial air treatment products, has ceased product sales to Colorado residents. This measure takes place nearly two weeks after Colorado Governor Bill Ritter Jr. signed a controversial Internet sales tax bill - House Bill 10-1193 - into law on Feb. 25, taking effect March 1.
The new law requires online retailers to inform Colorado residents of their responsibility to pay sales tax directly to the state. The law also requires online retailers that log more than $100,000 per year in online sales in Colorado to provide a summary of customer purchases broken down by dollar value and product category. Sylvane President Steven Hong reasons that the new law - and its potentially complex compliance requirements - is poised to become a significant obstacle in the way of efficient commerce across all 50 states, especially if each state moves toward similar legislation.
"If every state enacts individual legislation as in Colorado, it will create an environment that makes it very costly for businesses to engage in nationwide sales," Hong said. "As individual taxpayers, we all know how difficult it is to understand and accurately fill out your state tax forms. Now, imagine you had to do this for 50 states, with each state having its own specific forms, requirements, and timelines. Also add into the mix the fact that each of the 50 states could change its compliance policies at any time. "
The Colorado law is the first of its kind and is one of several measures Colorado lawmakers are taking to address a $1.5 billion budget shortfall. State lawmakers have estimated that the law will raise about $4.7 million in the state's fiscal year, beginning July 1.
"We understand that states are facing budget shortfalls," Hong stated. "However, this law seeks to try and shore up Colorado's budget at the expense of our country's overall economic health. Ultimately, these types of law changes should not be made at the state level."
While Sylvane has ceased taking current product orders from Colorado-based customers, the company will uphold all standard policies regarding orders made by Colorado customers prior to March 11.
About Sylvane
Sylvane (sylvane.com) is a leading online supplier of high-quality air treatment solutions to the residential and commercial markets. The company's broad selection of products includes air purifiers, portable heaters, portable air conditioners, window air conditioners, humidifiers, dehumidifiers, vacuums, steam cleaners, and air quality testing products. Believing in the notion that better air begins with knowledge, Sylvane also provides its customers with detailed product information, numerous air treatment learning articles, reliable product comparisons, and personalized consultation on indoor air treatment issues.
Note to Editors:
•Steven Hong is available for interview upon request.
Press Contact:
Ashley Roe
Phone: (800) 934-9194, Ext. 870
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