“States Could Use Wayfair Laws to Fix Depleted Budgets”

Article by Jennifer Karpchuk on “States Could Use Wayfair Laws to Fix Depleted Budgets”

In an article published on July 15, 2020 in Law360, Philadelphia-based Shareholder Jennifer Karpchuk discusses whether Wayfair will continue to play a key role in filling budget gaps as states grapple with revenue shortfalls resulting from the COVID-19 health crisis.

“With an economy that has become even more reliant on e-commerce over the past few months, a physical presence standard would have greatly limited states' sales tax collections during the COVID-19 shutdowns and closures of many brick-and-mortar businesses,” explains Karpchuk.

Karpchuk further explains that another consequence of the fiscal impact of COVID-19 on state and local taxes may be that states will seek to impose collection obligations on more taxpayers.

Subscribers to Law360 may access the full article here.