Local shops hope Supreme Court ruling will boost business
Wallets could be feeling a little lighter in the future as a Supreme Court ruling Thursday, opens the door for states to require online retailers to collect sales tax.
That new ruling applies, even if the online retailer does not have a physical presence in the state.
For years, small businesses have been affected by online shopping.
Consumers have been going to online retailers, as that’s where more inventory and cheaper prices could be found.
Cyndi Fallon owns Piramide Boutique in Old Colorado City. She hopes that if Colorado chooses to adopt an online sales tax, it will bring more people into her store.
“I think it can only help because then everybody is subjected to the taxes that we have to levy and I think that goes into a decision when you make a purchase,” Fallon said.
The decision by the court does not mandate all states start charging a sales tax. Meaning everything will stay the same in Colorado unless local legislators pass a bill to make it a law.