SALT LAKE CITY — Online home furnishings retailer Overstock.com said it has already started collecting sales tax in states where it has no physical presence and is now planning physical expansion into some of these markets, too.
The news follows last week’s ruling by the U.S. Supreme Court that clears the way for states to require Internet retailers to collect sales taxes even in markets where they don’t have that physical presence.
Overstock “will begin expanding its physical and digital operations, including supply chain, marketing and recruiting, into states in which tax nexus concerns previously prevented the company from having a direct presence,” the company said in a release.
It also has started the process of collecting sales taxes for buying consumers in “more than 12,000 unique U.S. tax jurisdictions,” following the ruling on South Dakota v. Wayfair.
“Overstock continues to urge Congress to legislate a fair and equitable solution for sales tax law that takes into account the best interests of both consumers and entrepreneurs,” the company said.
It did not respond immediately to questions from Furniture Today asking for details about the expansion plans and what it considers a fair and equitable tax law solution.