The Citizens Tax Committee (CTC) has announced that Brad Scott, Director of Finance for Halstead Bead, Inc, and an expert on Internet sales taxes will speak at their monthly meeting, Wednesday, August 11, 2021, at 1 pm, in the conference room of the Yavapai Title Agency, 1235 E. Gurley Street, Prescott, Arizona.
Halstead Bead, Inc, is a direct, Internet and mail order distributor of beads and related products throughout the United States and overseas markets. As Director of Finance, Mr. Scott oversees the company’s compliance with sales tax collections throughout the fifty states and foreign markets. He is an Accounting and Finance graduate of the Eli Broad College of Business at Michigan State University and an expert in the field of Internet sales and taxation. He is an activist for fair tax policy and in this capacity has testified before a variety of regulatory and legislative bodies.
Many consumers will remember that until relatively recently, purchases made on the Internet through out of state retailers were largely untaxed. However, a 2018 Supreme Court decision in what is commonly known as the Wayfair Act, upended settled precedent with respect to the taxation of Internet sales. States are now allowed to require retailers to collect and remit local sales taxes even when the retailer does not maintain a physical presence in the state. Mr. Scott will discuss the complexities associated with the implementation of the Wayfair decision and the impact it is having on businesses, consumers and Internet sales.
The Citizens Tax Committee meets on the second Wednesday of each month. Their meetings are free and open to the public. An RSVP is not required. This month’s meeting will be held in the conference room of the Yavapai Title Agency. Free parking is available in the rear parking lot. The conference room is accessed through the rear door from the parking lot.
The Citizens Tax Committee is one of Prescott’s oldest and most venerable civic organizations. Since its founding in 1977, it has served as a taxpayer advocate, promoted fiscal accountability in local government, and has been a focal point for opposition to wasteful government spending and excessive debt. Over the years many local elected officials and civic leaders have been associated with the organization.
Although CTC does not endorse candidates or play a direct role in partisan elections, they have weighed in on local tax and spending issues with high profile voter education programs on ballot initiatives such as school bonds, budget overrides, and funding levels for the Arizona Public Safety Personnel Retirement System. In recent months, CTC has raised public awareness about the costs and environmental impacts of the proposed new jail in Prescott and the Verde Connect Project. They are now investigating recently announced plans by the City of Prescott to move City Hall and construct a swimming pool with the financial windfall from expected COVID-19 monies.
The Citizens Tax Committee meets on the second Wednesday of the month at 1 pm in the conference room of the Yavapai Title Agency, 1235 E. Gurley Street, Prescott, Arizona. Members of the public interested in fiscal accountability and learning about the taxation of internet sales are cordially invited to attend.