Overlooked in the Online Sales Tax Bill: Free Tax SoftwareBy
After years of griping from state governors, the Senate is considering another bill that would allow states to collect sales tax from out-of-state sellers. It would close a loophole created by a 1992 Supreme Court ruling that has allowed online behemoths Amazon and EBay to avoid collecting sales tax on many transactions. Unlike previous versions of the legislation, the Marketplace Fairness Act would compel businesses that sell $1 million or more annually in states in which they don’t have a physical location to collect tax on those sales.
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