Monday, May 6, 2013

Senate Passes Online Sales-Tax Legislation

The Senate passed the bill by a vote of 69 to 27, getting support from Republicans and Democrats alike, reports WaPo.

The  vote will be much closer in the House and it is unclear if it will pass there.

Under current law, states can only require retailers to collect sales taxes if a store has a physical presence in the state. The bill would require businesses to collect taxes for products they sell on the internet, in catalogs and through radio and TV ads, and forward the tax to the state in which the buyer lives at the sales tax rate of that state.

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