City sees more revenue from tax on online sales
January 28, 2021
Online sales tax revenues brought in more than $90,000 in nine months last year, with receipts continuing to rise, according to Wrangell Borough officials.
While the municipality is struggling with rising costs and decreasing revenues, one bright spot has been the collection of sales taxes from online, out-of-town merchants.
The borough is budgeted this fiscal year to collect $1.25 million in sales taxes, projected to be down substantially from last year due to the pandemic-inflicted economic slowdown.
A 2019 U.S. Supreme Court decision opened the tax door for states and municipalities to r...