April 25, 2013
Leveling The Playing Field For Small Businesses
The Marketplace Fairness Act , co-sponsored by Senator Cardin, would close a current tax loophole that requires brick-and-mortar retailers to collect sales taxes from customers who make purchases in their stores, but allows many online and catalog retailers to avoid collecting the same taxes since, under current law, residents are expected to remit the sales taxes directly to the state. If enacted, the new law would give states the option to collect sales and use-tax revenues from out-of-state sellers through a new, simplified tax system.