DAYTON, Ohio (AP) — Online sales tax collections have hit an all-time high in Ohio this year.
The Dayton Daily News reports (http://bit.ly/Wv94js ) that the state has collected $45 million from out-of-state retailers in the 2014 budget year. That's a 68 percent increase over the past five years.
The money is pouring in after Ohio officially joined a multi-state effort to streamline sales tax for online purchases.
The Ohio Department of Taxation estimates that the state stands to eventually tap into an estimated $308 million worth of tax revenue from online sales.
Still, Ohio doesn't have legal authority to collect from online retailers who don't operate in a physical location in the state, such as Amazon.
The result: Many buyers don't get charged sales tax on millions of dollars' worth of purchases.
Information from: Dayton Daily News, http://www.daytondailynews.com