- Associated Press - Friday, December 16, 2016

RICHMOND, Va. (AP) - Virginia Gov. Terry McAuliffe wants to force certain internet retailers to collect sales taxes to help close a more than $1 billion state budget shortfall.

McAuliffe’s proposals to plug the budget gap outlined Friday include requiring out-of-state retailers with facilities in the state to collect taxes for online purchases from Virginia residents.

McAuliffe also wants to slow the rollback of a budget-balancing gimmick that requires some merchants to pay early estimated sales taxes.


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He’s also proposing to waive penalties and some interest for individuals and businesses that owe back taxes, which he says will generate nearly $60 million.

Virginia’s public colleges and universities would also see a 5 percent cut in state funding in fiscal year 2018. That’s lower than the 7.5 percent cut McAuliffe had warned they might get.



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