Main Street Fairness Act Introduction the First Step Toward Fair Competition

/PRNewswire-USNewswire/ -- The Retail Industry Leaders Association (RILA) welcomed Legislation introduced today by Senator Dick Durbin (D-IL) that addresses a fundamental unfairness in tax policy and closes a decades-old loophole that threatens retail jobs on Main Street. Antiquated pre-Internet rules allow online retailers without a "physical presence" in a state to skirt the obligation of collecting and remitting state sales taxes, giving those e-tailers a perceived price advantage over local retailers. However, online sales are still subject to each state's respective sales tax. This loophole puts the burden on the consumer to report the sales tax owed from an