Online Sales Tax Bill Introduced in the Senate

The Marketplace Fairness Act was introduced today by Senators Mike Enzi (R-Wyo.), Dick Durbin (D-Ill.), Lamar Alexander (R-Tenn.) and Tim Johnson (D-S.D.).

The new bill would create a national sales tax for online sales and give states two paths to collect sales taxes on goods bought over the internet. States that sign on to a multistate legal agreement and conform their sales tax codes with other states “can compel internet retailers to charge and remit the sales tax.” States that don’t sign the interstate compact can collect internet sales tax if they adopt minimum standards.