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CFO warns district loses about $5 million a year from online sales tax exclusion
Summary
Chief School Financial Officer Jay Duke told the board that the district receives no revenue from the state's Simplified Sellers Use Tax (SSUT) on internet sales, which he estimated translates to roughly $5 million annually; he also discussed a recent bulk school-bus purchase and monthly financials.
Jay Duke, the district’s chief school financial officer, told the Tuscaloosa City Schools Board of Education that the district receives no share of Alabama’s Simplified Sellers Use Tax (SSUT) on remote/online sales and estimated that gap at roughly $5 million per year.
Duke compared growth in SSUT receipts to brick-and-mortar sales tax and said that over time the divergence creates a significant funding…
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