U.S. senators Lamar Alexander and Bob Corker announced their support this week for federal legislation that would allow states to collect sales taxes on items bought online and through catalogs.
“Currently, remote businesses do not have to collect sales taxes in the states they sell into, while brick-and-mortar businesses do, creating a price disadvantage,” said Alexander, a Tennessee Republican.
He said the Marketplace Fairness Act would grant states the option to require that remote businesses, such as those selling online or through catalogs, collect sales taxes on purchases within states’ borders. The U.S. Senate voted 74-20 on Monday to begin debating the legislation. [Read more…]