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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.