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Written by Mayor Mary Marvin:
Internet sales in the past five years were increasing at a double-digit pace and with the onset of Covid, the numbers went up 44 percent in 2020 to $861 billion in sales. This was at the same time that 21 major brick and mortar retail businesses including J.Crew, JCPenney, Neiman Marcus and Lord and Taylor declared bankruptcy. As a consequence, states, and then through the obvious trickle-down, small local governments saw revenues drop precipitously due to the decrease in local sales tax generation.
Without the taxation of internet business, many small communities would be struggling far more than they are today.
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