The Nebraska Legislature will likely address the internet state sales tax issue in the upcoming session. The U.S. Supreme Court ruled that states could implement a sales tax for online sales even if the company had no physical presence in the state Creighton University Economist Ernie Goss crunched the numbers on how much Nebraska could bring in if the sales tax is implemented.
Goss says, “About $105 million will come into the state and local tax coffers for Nebraska.”
Goss says Nebraska is collecting the lowest percentage of sales taxes among bordering states so the internet sales taxes will probably be used to help offset the highest property taxes in the region.
More people are buying online than ever before. Online orders were up significantly during Black Friday and Cyber Monday. Goss says, “We saw about an 18 to 20 percent growth for online sales and in-store sales, maybe 1%, 2% to 3%. So, all-in-all when you look at the entire holiday buying season, it is going to be up, in our judgment 6% to 7%. That is Creighton University’s estimate.”