TOPEKA, Kan. (KWCH) The state finances introduced to lawmakers by Kansas Gov. Laura Kelly comes with a suggestion so as to add a gross sales tax on on-line providers the place you may watch your favourite films, play your favourite video video games and hearken to your favourite music.
The tax on “all gross sales of digital property and subscription providers,” consists of music and video video games you obtain and streaming providers together with Netflix, Hulu, Disney+ Amazon Prime, and many others…
The added gross sales tax to “all gross sales of digital property” would take impact July 1, the proposed finances says. Particularly, the advice says “digital property and subscription providers embody digital audio-visual works, digital audio works, digital books, art work, digital pictures and photos, periodicals, newspapers, magazines, video, audio and different greeting playing cards, graphics, functions (desktop, cellular, internet, and cloud-based) video games (on-line, video, and digital), digital codes and streaming providers.”
The proposed finances says for fiscal yr 2021, (beginning July 1, 2020), taxing digital property and subscription providers would will increase the state’s income by about $26.7 million and is estimated to extend native authorities tax income by about $6.7 million.
The 2020 legislative session kicked off this week and lawmakers count on to make remaining approval of the state’s 2021 finances in Might. The present gross sales tax in Kansas is 6.5 p.c.
Simply from the state, a streaming service that prices you $10 monthly would tack on extra 65 cents to your month-to-month fee.