Honors College Theses

Publication Date

11-29-2017

Major

Accounting (BBA)

Document Type and Release Option

Thesis (restricted to Georgia Southern)

Faculty Mentor

Dr. Britton McKay

Abstract

This paper addresses the application of sales tax laws to the rewards given to contributors in crowdfunding campaigns. The basis for such taxes is derived from the sales tax laws of the particular states as well as affiliate laws, which certain states have passed in order to establish a presence for sellers over the internet. Affiliate laws, the Streamlined Sales and Use Tax Agreement, and the crowdfunding law passed in Washington provide the foundation for applying sales tax to these crowdfunding contributions. After this application, the conclusion was the taxability of contributions to a moderator located in New York if the total amount of contributions exceeds $10,000 in New York. This paper also explores the history of states’ attempts to require out-of-state sellers to collect and remit sales tax for sales to in-state consumers.

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