The U.S. Supreme Court let stand a Colorado law that imposesreporting requirements on internet retailers in an effort to getcustomers to pay the sales taxes they owe.

On Monday, the justices turned away an appeal by aretail-industry trade group that challenged the measure as violating the U.S.Constitution.

The case raised questions about a 1992 Supreme Court ruling thatbars states from requiring merchants to collect taxes unless theyhave a physical presence in the state. States lose $23 billionevery year in uncollected sales taxes from web and catalogpurchases, according to a 2012 estimate by the National Conferenceof State Legislatures, the most recent figures available.

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