Dive Summary:
- The Marketplace Fairness Act of 2013 has passed in the U.S. Senate by a vote of 69 to 27, but the bill is expected to see greater challenges in the House from conservatives who perceive it as a tax increase.
- The law would require businesses to collect sales tax for products sold via web, print and media outlet campaigns like TV commercials. The sales tax would be sent to the state the consumer currently resides.
- Despite support from U.S. President Barack Obama, the bill has seen stiff opposition from the likes of Google. The bill’s opponents fear the bill could be a burden for small, independent retail.
From the article:
“We ought to have a structure in place in the states that treats all retail the same,” said Matthew Shay, president and CEO of the National Retail Federation. “Small retailers are collecting (sales tax) on the first dollar of any sale they make, and it’s only fair that other retailers who are selling to those same customers the same product have those same obligations.”