Online Sales Tax Inevitable, Senate Passes Marketplace Fairness Act
The controversy over the pending Marketplace Fairness Act is dizzying. First, the big news: the Senate passed it. But it really wasn't the Act itself but rather a budget amendment, and only in the Senate. So will it pass? Not necessarily, but regardless, the days of tax-free clicks are numbered. The Marketplace Fairness Act doesn't impose a federal tax or even a new state tax. Online sellers are already required to collect sales tax from customers in their own states.