One key distinction of the recent Internet sales tax law is useful for those selling services that have no non-Internet equivalent. Essentially, if you sell something on the Internet that can't be bought anywhere else, you don't need to collect sales tax (yippee!). For my business that is key, we sell access to an advance stock screening tool (http://www.traderbot.com). Since this can't be offered on a non-web basis, Uncle Sam has no claim on our receipts. I had to research this a bit, but it wasn't too hard to find on Chris Cox's web site. Almost enough to make you vote Republican.
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One key distinction of the recent Internet sales tax law is useful for those selling services that have no non-Internet equivalent. Essentially, if you sell something on the Internet that can't be bought anywhere else, you don't need to collect sales tax (yippee!). For my business that is key, we sell access to an advance stock screening tool (http://www.traderbot.com). Since this can't be offered on a non-web basis, Uncle Sam has no claim on our receipts. I had to research this a bit, but it wasn't too hard to find on Chris Cox's web site. Almost enough to make you vote Republican.