Browse Tag: internet sales tax

Retailers Win Internet Battle: Senate Passes Internet Sales Tax Bill

Google ChromeScreenSnapz001The brick and mortar retail business just saw a major development in its pricing disadvantage vs. internet retailers.  A change may be underway in the tax charged to its online competition, if the big hurdle crossed this week is any indication. By a 2-to-1 margin — an unusual outcome for such a historically deadlocked Congress — the US Senate this week passed the Marketplace Fairness Act, which would allow states to levy sales taxes on internet purchases.

Long advocated by NAR in coalition with other industry groups, S.743 (formerly S.336) the bipartisan bill was introduced by Senators Mike Enzi (R-WY) Lamar Alexander (R-TN) Heidi Heitkamp (D-ND) and Dick Durbin (D-IL).

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