Lots of clicking on a computer keypad is likely to occur all across Kentucky Monday. It’s Cyber Monday and sales taxes will flow into state coffers. Kentucky collects those revenues from both in-state and out-of-state online purchases. Chris McDaniel is chair of the State Senate Budget Committee. He said the revenue impact overall is significant.
“You know, especially through the pandemic, the spike that we saw in sales tax receipts would not have happened if we didn’t have the online collection mechanism. So, I would safely say it’s tens of millions of dollars and it may even push into the hundreds of millions of dollars range,” said McDaniel.
