An expert in the Kentucky retail sector was the featured speaker for a Chamber of Commerce Eye Opener Breakfast Tuesday morning in Hopkinsville.
Laura Leah Goins is the Vice President of Communications and Public Relations for the Kentucky Retail Federation and said 16 percent of jobs in the Commonwealth are in the retail sector. An additional 650,000 retail jobs are expected to be created in the next five years.
Ms. Goins spent a great deal of time on what she called “sales tax fairness,” which is requiring online businesses to charge a state sales tax on purchases, no matter where the distribution point is located.
A federal bill that would require all businesses grossing over a million dollars in annual sales to charge the sales tax has already passed the U.S. Senate and Ms. Goins says its received support from diverse sources.
The legislation is currently tied up in a House committee, where it could see some amendments in hopes of relieving impacts on smaller businesses.
Some say it would be a tax increase, but Ms. Goins argues the taxes are already due by law, the new legislation would just put the burden to collect on the vendor.
She also spoke on state pension reform and praised the General Assembly for taking action during this year's session.