Friday, August 3, 2012

Senate Hears Testimony about Online Tax


Amazon on Wednesday reiterated its call for federal legislation that would pave the way for states to begin requiring online sellers from out of state to remit sales taxes, urging members of the Senate Commerce Committee to rally behind the Marketplace Fairness Act.
Misener told lawmakers that the bill would not create a new tax, but instead facilitate the collection of one that is already due, but goes largely unpaid.
Under the bill, only states that took steps to simplify their tax codes would be eligible to require retailers to remit the taxes. But opponents of the bill have countered that the simplification provisions in the current version of the bill don't go nearly far enough to harmonize the roughly 9,600 state and local tax codes across the country.