Thursday, October 27, 2011

Bipartisan Group of Senators Working on Online Sales Tax Bill

The National Journal reports:
Legislation that would authorize states to require online retailers to collect sales taxes from out–of-state customers appears to have found new life in the Senate.

Sens. Lamar Alexander, R-Tenn., Michael Enzi, R-Wyo., and Senate Majority Whip Dick Durbin, D-Ill., are working on legislation that is similar, though not identical, to a measure introduced in the House two weeks ago by Reps. Steve Womack, R-Ark., and Jackie Speier, D-Calif. The Womack-Speier bill would require states to simplify the process for out-of-state retailers, including providing a single sales-tax rate, designating a single source for remitting sales taxes from out-of-state sales, and establishing uniform rules for what sales are taxable.
Another attempt to reach in your wallet.