Thursday, August 14, 2014

TAX FAIRNESS BATTLE REIGNITES

Two congressional bills seek to level the playing field between brick-and-mortar and Internet retailers regarding fair sales tax policies.
 
Mike Enzi (R-WY) led a group of bipartisan senators in introducing S. 2609, the Marketplace and Internet Tax Fairness Act (MITFA), which combines a revised Marketplace Fairness Act (MFA) providing sales tax collection parity for brick-and-mortar and Internet retailers, simplifies state tax filing for individuals, helps address state budget shortfalls at no cost to the federal government, and includes a 10-year extension of the moratorium on Internet access taxes under the Internet Tax Freedom Act.

Also on July 15, the House of Representatives passed H.R. 3086, the Permanent Internet Tax Freedom Act, which would seek to make the moratorium on Internet access taxes permanent.
 

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