Dive Summary:
- The Marketplace Fairness Act of 2013 is expected to be announced at the Capitol today; the proposed legislation will give states the power to enforce sales taxes on e-retail.
- The new bill will address problems cited in three previously proposed bill which were ultimately not voted upon by the 112th Congress, which ended on Jan. 3.
- If passed, the bill will effectively overrule existing legislation which says states can only impose sales taxes on in-state entities; as long as the purchase is made within the state, the location of the company will not matter.
From the article:
"...The new bill, which will be officially announced Thursday at the U.S. Capitol, takes into consideration matters addressed in three bills introduced in 2011 but which failed to come to a vote as part of the 112th Congress, which ended Jan. 3. All of those bills were designed to give states the authority to require Internet and catalog retailers to collect sales tax whether or not the retailers maintained an in-state physical presence like stores or distribution centers..."