New Bill Would Require E-Coms to Charge State Taxes:
The tax bill may be coming due for online retailers who sell across state borders without collecting state taxes.
Assistant Senate Majority Leader Dick Durbin (D-Ill.) led a group of senators today in introducing a bill that would require online and catalog sellers to collect taxes at the point of purchase. Uncollected taxes from such purchases amounted to some $23 billion in 2012, according to the bill's sponsors.
The National Retail Federation immediately announced its support for the Marketplace Fairness Act, saying it would level the playing field between online and brick-and-mortar retailers, which have complained for years that online sellers maintain an automatic price advantage over them through non-collection of taxes.
