Meeting in Charleston this week, about three-dozen delegates representing 22 states continued the arduous and often tedious task of simplifying and standardizing the states' sales tax codes in hopes of creating a nationwide system to collect taxes from Internet retailers.
On Thursday, Harley Duncan, director of the Federation of Tax Administrators, cited a University of Maryland study showing what's at stake.
According to the study, Internet commerce accounts for $150 billion to $160 billion in sales annually.
The top 500 Internet retailers - including national retail store chains and Internet sales giants such as Amazon.com - account for about $55 billion of those sales.
At the other end, the study said there are an estimated 5 million small entrepreneurs, sellers, and eBay-ers - those least likely to collect and remit sales taxes - who account for $60 billion in annual sales.
"That's a lot of money we're leaving on the table," said Senate Finance Chairman Walt Helmick, D-Pocahontas, who serves as one of West Virginia's delegates to the Streamlined Sales Tax Governing Board.
"We're trying to come up with a set of standards that are simple enough and close enough to uniformity that the business community says, 'This is not difficult for us to comply with,' " said Delegate John Doyle, D-Jefferson.
Doyle is expected to be elected president of the board today, succeeding Kansas Secretary of Revenue Joan Wagnon, who chaired Thursday's session in the House of Delegates chambers.
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