Local Retail Store, Online Marketers, Taxes, NRF

NRF: When it comes to Taxes, Online, Local Retailers should be on Level Playing Field

he National Retail Federation reiterated its call on Congress to address a loophole that allows most online sellers to avoid sales tax collection to the detriment of local retailers and communities.

Local Retail Store, Online Marketers, Taxes, NRF

“Our current sales tax system is broken. It favors one set of retailers over another, hurts job growth, and threatens the economic health of local communities,” NRF president and CEO Matthew Shay said. “We can’t allow an antiquated decision to unfairly disadvantage Main Street in a time when it’s already fighting to stay afloat.”

Shay’s comments come as the House Judiciary Committee is scheduled to hold a hearing Tuesday on H.R. 3179, the Marketplace Equity Act, authored by Reps. Steve Womack, R-Ark.. and Jackie Speier, D-Calif. The bill would address the 1992 Supreme Court decision in Quill v. North Dakota, where the court said states can only require an out-of-state seller to collect tax on sales to its residents if the seller has a physical presence in the state. Instead, the legislation would allow states to require collection by all sellers the same as local retail operations.

[via RetailingToday]

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