Last week Governor Paterson signed off on a new tax law requiring out-of-state retailers to collect sales tax from consumers in New York State. Like other states, New York requires residents to pay tax on out-of-state purchases for which sales tax wasn’t collected. The big argument is over who’s responsible for collecting; the new law puts that onus vendors like Amazon, which is now fighting the bill in State Supreme Court. What’s interesting is that......

New Yorkers are supposed to be honest at tax time and indicate how much they've purchased from online retailers--like Amazon.com--that don't charge NY State sales tax. Now the NY State tax department wants online retailers to charge sales tax, or else be subject to audits going "back as far" as tax officials want. Currently, retailers who have a physical presence in New York are required to pay state and local taxes, not ones who just......

In her State of the City address, City Council Speaker Quinn said that the Council would do its own belt-tightening given expectations the economy will slow. Still, she mentioned, per the Sun, "tax cuts, improved transportation, more pay for teachers, and affordable housing," saying, "Getting leaner does not have to mean getting meaner." Some of the proposals: suspending the city sales tax for one week; offering $300 rebate to renters; offering "bonuses of up to......

Mayor Bloomberg, our very own billionaire mayor, is asking state lawmakers to keep the sales tax at 8.375%. Apparently the sales tax, per "Rules dating back to the city's fiscal crisis of the 1970s" (thanks for the history lesson, NY Sun!), would have dropped 1 percentage point to 7.375% on July 1, 2008, but Bloomberg wants to keep it at its current level. That extra 1 percent tax means about $1 billion in revenue for......

Governor Eliot Spitzer had a busy week. Not only was he working himself up to admit his driver's license plan would not pass, Spitzer suggested instituting the state's 8.375% sales tax on Internet goods - just in time for holiday shopping! But only hours after the NY Sun reported on the plan, Spitzer changed his mind, deciding to wait until the new year to implement taxes on Internet purchases. Currently, online retailers who don't have......