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US Senate Passes Internet Sales Tax Bill

Photo: Image by courtesy senate.gov

US Senate Passes Internet Sales Tax Bill

By Mike Morgan. CREATED May 6, 2013

From A Press Release WASHINGTON, D.C. – U.S. Senator Roy Blunt (Mo.) issued the following statement regarding the Senate’s passage of the “Marketplace Fairness Act,” which he voted for and co-sponsored.

“This bill will help to level the playing field for Main Street retailers in Missouri and across America. It does not create a new tax – it simply allows states to collect sales taxes they are already owed from out-of-state and online businesses, if they choose to do so.”

The Marketplace Fairness Act provides states with the option to collect sales taxes they are owed from online retailers and out-of-state businesses through a new, simplified tax system. Current law requires individuals to pay these taxes when they file each year; however, most taxpayers do not. The bill includes an exemption for online sellers who generate $1 million or less in annual gross receipts. Blunt serves as a member of the U.S. Senate Committee on Appropriations and the U.S. Senate Committee on Commerce, Science, and Transportation.

Mike Morgan

Mike Morgan

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With a background in media, Mike brings more than 35 years broadcast experience to the 24-hour News Team. Mike also provides the Ozarks with the afternoon Go-Patrol traffic report