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Senate OKs Internet Sales Tax

Monday, May 13, 2013 - 2:04 PM
From The LA Times:
The Marketplace Fairness Act, approved 69-27 Monday by the Senate, gives states the authority to require larger online retailers with no physical presence in those states to collect sales taxes that residents already are obligated to pay.

Many states, including California, are expected to jump at the chance to start collecting an estimated $23 billion in total sales tax revenue that is lost to online, catalog and other so-called remote sales each year.

But because most consumers have been dodging those taxes for years — only about 1% make the required payments to their state — the result would be that they would pay more in taxes.

For that reason, some conservative anti-tax activists such as Grover Norquist, whose Americans for Tax Reform asks lawmakers to sign a no-new-tax pledge, are pushing House members to reject it.

 

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