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Mounds View Business News April 2012 • Online Sales Tax—How Does it Affect Your Business? Mounds View business owner Larry Lucast wants fellow business owners to contact their legislators to discuss the importance of mandating Internet and catalog vendors to charge their customers sales tax. Larry owns Corvette Specialties, located at 2558 County Road 10 in Mounds View. He and his staff hear regularly that customers will purchase items online to avoid paying sales tax. Contact information for State legislators that represent Mounds View: Representative Tom Tillberry Senator Pam Wolf Email: rep.tom.tillberry(a.house.mn Email: sen.pam.wolf@senate.mn Phone: 651-296-5510 Phone: 651-296-2556 Nationally, any company that sells items online must charge sales tax in the states in which the business has a retail physical presence. Although Minnesota law states that if you, as a business or individual, buy from an out-of-state vendor, and are not charged sales tax, you must pay it to Minnesota. However, even though companies like Best Buy have to charge sales tax in most states, Amazon has no retail stores, so they never have to charge sales tax. The Federal government has proposed a law that requires big, online companies to charge sales tax, which would level the playing field for small, local retailers. The proposed law actually gives local retailers a small advantage because they would not have to charge sales tax on their out-of-state sales as long as total sales were less than $1 million. In Larry's opinion, the proposed law would give small, local retailers a chance to grow, yet not become too big at the expense of even smaller retailers. For more information on this issue, please email Larry at Parts(a�CorvetteSpecialties.com and contact your legislators today to discuss how online sales tax affects your business! • TECHNOLOGY SUMMITTo register for the Technology Summit, please MICRO AGENDA: contact the Twin CitiesNorth CONTROL 1:00 pm to 2:00 pm -Featured Speaker-Leif Knutson-Microsoft Chamber at Mnrosoft raffle and give-aways for each attendee) 763-571-9781. Iji3iVIP! 11'v' 2:10 pm to 2:50 pm -first breakout session Chamber 1)Not all apps are Angry Birds... Leveraging Mobile Technology In Business. 2)800gle Plus The next big thing for business. Member Price $30 c1111 Mme .. 3:00 pm to 3:40 pm -second breakout session C�u e° 1)Cloud computing=Tips,tricks&legalities to a virtual office. Non-Member 2)20 technology tips in 44 minutes Price April 25th 3:50 pm to 4:30 pm -third breakout session $45 d 1)Technology to find a skilled work force-Free or not for Free,that is the question. 1.011V0 to 5,9y.?�1� p.m, 1) Social media-You're doing it. but are you doing it well? Vendor Booth The Mermaid Event Center Price Mounds\iView,MN 4:30 pm to 5:30 pm -Social Hour $200 Mounds View Business Council The Twin Cities North Chamber invites business owners to attend Mounds View Business Council meetings the 2nd Wednesday of each month at the Mounds View Community Center, located at 5394 Edgewood Drive. The next meeting is Wednesday, May 9, 2012, at 7:30am. If you want to receive meeting notices, • please contact Tim Roche at tim@twincitiesnorth.orq or 763-571-9781. If you would like to appear in this newsletter,please email Heidi at heidi.steinmetzPci.mounds-view.mn.us.