The U.S. Supreme Court on Thursday handed the next governor of Kansas the key to a vault of untapped cash in a landmark ruling that allows states to collect internet sales taxes.
In a narrow 5-4 decision, the court overturned 50 years of precedent when it decided that state and local governments could indeed require businesses to collect sales taxes, even if they don’t have a physical presence in the state.
“The Internet’s prevalence and power have changed the dynamics of the national economy . . .