ONLINE SALES TAX?

The next time you purchase the new Justin Bieber album or a pair of leg warmers online, you may have to pay sales tax.

This week the Senate will be voting on the Marketplace Fairness Act, which would grant each state the power to collect sales tax from internet sales.

This bill has come into existence partially because of decreased pressure from Amazon, who now has physical distribution centers in almost every state, thus giving the company nexus in those states.

This law would potentially level the playing field between online and brick and mortar retail shops making prices equal for both types of entities.

Read More:

http://taxfoundation.org/blog/senate-voting-week-expanding-state-authority-collect-internet-sales-taxes

Video:

http://nyti.ms/Ux4veT

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