Thursday, February 14, 2013

Durbin reboots online sales tax bill

Crain's Chicago Business reports:
A bill allowing states to collect sales tax from online retailers was reintroduced by Sen. Dick Durbin with changes designed to broaden support among small businesses.
There's more:
The new Durbin bill contains a dozen changes to overcome past objections raised by states and retailers. It increased the exemption for small online retailers to $1 million in annual sales, up from $500,000, same as in previous House versions. If sales exceed that level the retailer would have to start collecting taxes in the following year.
The struggles of Blue America.