Montana bill taxes out-of-state E-commerce firms more accurately

A bill designed to tax more accurately the profits of out-of-state firms that sell into Montana – particularly via the Internet, or other forms of electronic commerce – passed the Senate Wednesday and is on its way to Gov. Steve Bullock’s desk.

House Bill 511, which applies to multi-state or multinational companies, tracks income from services sold into the state.

State Revenue Director Mike Kadas told MTN News that it will enable the state to accurately track the Montana income generated by e-commerce giants like Netflix or Amazon – and apply Montana corporate taxes to that income.

By Mike Dennison

Full Story: http://www.kpax.com/story/35193446/bill-taxes-out-of-state-e-commerce-firms-more-accurately