A bipartisan trio of Senators has introduced a bill that gives states the authority to collect online sales taxes. The measure, cosponsored by Senators Mike Enzi, R-Wyo., Dick Durbin, (D-Ill., and Lamar Alexander, R-Tenn., carves out an exception for small businesses, one of the main objections to this issue in the past. The legislation exempts sellers that make less than $500,000 in total out-of-state sales in the year. While the bill manages to unite some members of both parties on this issue, the tech community is divided as to whether it will do more harm than good.
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The Free Tax Ride Could Soon Be Over for Online Shoppers
Posted by: Erika Morphy November 10, 2011 07:00 AMA bipartisan trio of Senators has introduced a bill that gives states the authority to collect online sales taxes. The measure, cosponsored by Senators Mike Enzi, R-Wyo., Dick Durbin, (D-Ill., and Lamar Alexander, R-Tenn., carves out an exception for small businesses, one of the main objections to this issue in the past. The legislation exempts sellers that make less than $500,000 in total out-of-state sales in the year. While the bill manages to unite some members of both parties on this issue, the tech community is divided as to whether it will do more harm than good.