National Governors Association Calls for Passage of Marketplace Fairness Act
Cyber Monday’s online sales are all the more reason for Congress to pass the Marketplace Fairness Act, said a National Governors Association news release Monday. HR-684 would let states tax remote sellers with annual revenue exceeding $1 million. “As 130…
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million Americans make purchases online this Cyber Monday, the nation’s small businesses suffer, jobs are lost and states lose out on revenue owed them because of an unfair loophole in the law,” said NGA. “No matter how you do business in a state, you have to play by that states rules,” said NGA Executive Director Dan Crippen. “Marketplace Fairness lets competition, not tax loopholes, determine who will thrive in our modern marketplace,” he said. “If taxes on Internet sales are not collected, the sales tax base will continue to erode and ultimately force states to increase, or not be able to reduce, other taxes.” Sen. Tex Cruz, R-Texas, has been a critic of HR-684 and has warned about the possibility of the bill’s passage during the lame-duck session of Congress (see 1411140047).