Thursday, April 18, 2013

Online Sales Tax Bill Readied for Vote in Senate

Senate Majority Leader Harry Reid said he is “looking at” scheduling a bill that would let states collect taxes on out-of-state sellers as the next issue on lawmakers’ agenda after pending gun legislation.
Reid, who controls the flow of legislation to the U.S. Senate’s floor, indicated in a brief interview today in Washington that he hadn’t made a decision yet. A vote on the sales tax measure could come as early as next week, said a Senate Democratic aide who spoke on condition of anonymity.
The bill, backed by Wal-Mart Stores Inc. and Amazon.com Inc., would let states collect some of the $24 billion in revenue they lose to untaxed sales made by retailers with no physical presence in their states. EBay Inc. and anti-tax groups such as Americans for Tax Reform oppose the measure.