Lawmakers unveiled Thursday what they hope will be the final federal online sales tax bill, promising that this will be the year Congress deals with the issue. The Marketplace Fairness Act, which resolves differences between three similar bills introduced in the last Congress, would give states the power to require out-of-state online retailers to collect sales tax. Currently, most states with sales tax rely on residents to independently pay tax to the state on their online purchases, but few consumers do....
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How to Navigate the Online Sales Tax Legislation Waters
September 27, 2012
From ROI Report
Many e-commerce businesses haven’t had to worry about collecting sales tax in states where they didn’t have a physical presence, but things could rapidly change if one of two proposals moving through Congress is enacted. These proposals, the Marketplace Equity Act and the Marketplace Fairness Act, would require online retailers to collect sales taxes in many states.