Internet Sales Tax Bill Passes Senate, House Expected to Challenge It
May 7, 2013 2:31 PM
comment(s) - last by
House Speaker John Boehner now plans to deliver the bill to the House Judiciary Committee
The Internet sales tax bill
passed with flying colors in the Senate
, but the House of Representatives may prove to be more of an obstacle.
The Senate voted 69-27 in favor of the Internet sales tax bill (also known as the Marketplace Fairness Act) on Monday. The Marketplace Fairness Act would allow states to force out-of-state retailers to collect sales tax on Internet purchases -- even if the e-tailer has no physical presence in that buyer's state.
The legislation offers an exemption for merchants that generate less than $1 million in annual out-of-state revenue.
However, many e-tailers like eBay and Overstock.com oppose the new bill, saying that it would hurt small businesses.
Those who are onboard with the legislation include Amazon, which is looking to simplify its U.S. state sales tax payments, and brick-and-mortar stores like Wal-Mart and Best Buy, which have complained about the unfair advantage online retailers have when it comes to the lack of sales tax collection in certain states.
Also, state government's in need of extra revenue like the idea of the new bill. The California Board of Equalization, for instance, said it made $96.4 million in
sales tax on internet commerce
from September-December 2012, which is the first full quarter that the state started collecting.
Back in April, the Marketplace Fairness Act scored a big victory in a procedural vote of 74-20 in the Senate. It even won backing from U.S. President Barack Obama.
While the Marketplace Fairness Act has had an easy time in the Senate, things are expected to change in the House of Representatives. The issue is that Republicans control the House, and they refuse to consider new federal revenue from eliminating tax breaks (which would be part of tax reform).
House Speaker John Boehner now plans to deliver the bill to the House Judiciary Committee.
This article is over a month old, voting and posting comments is disabled
Once more around the toilet bowl
5/8/2013 9:05:46 AM
As the brains of americans continue to devolve, it is clear that people have completely forgotten what this tax money is for. It used to be to provide services to the residents and businesses within the state. And so of course out of state sales were exempt since there was no logic in paying those taxes. There was no use for or benefit from the services that tax money provided.
But nowadays, taxation isnt about providing public services, nor is it about providing any logical tie to the money being tax with how it is spent. Nowadays, it is about paying fat bloated pensions to a bunch of lazy pathetic braindead entitled public workers who make way to much damn money for what they do, and are now flailing about in a mad money grab. And no one is exempt from that, even out of state retailers.
This is taxation without representation, in its very simplest form. And the result of it will be the same as in the 18th century. Government is so far out of control that they dont even attempt to tie tax revenue with public services. It is just a blatant money grab, the short definition for this is tyranny.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
Senate Votes in Favor of Internet Sales Tax Bill
April 23, 2013, 5:41 AM
California Grabs $96.4 Million in First Round of Online Sales Tax Collection
February 20, 2013, 7:11 PM
150M Android Apps Still Susceptible to Heartbleed
April 24, 2014, 12:48 PM
Amazon Prime Pantry Will Deliver 45 lbs of Groceries to Your Door for $5.99 S&H Fee
April 24, 2014, 10:10 AM
NSA Spying Won't Impact Huawei's Growth
April 23, 2014, 8:24 PM
Amazon, HBO Team up to Bring HBO Content to Prime Members
April 23, 2014, 11:36 AM
U.S. Wants to Reduce Tension Over Internet Net Neutrality
April 22, 2014, 2:07 PM
AT&T Announces Plans to Expand Ultra-Fast Fiber Internet Network to 100 Cities
April 22, 2014, 9:36 AM
Most Popular Articles
A Bug's Life: Female Cave Bugs Have Penises, Penetrate Males for Three Days
April 17, 2014, 7:20 PM
HTC Hires Former Samsung Marketing Chief Who Developed "Galaxy" Brand
April 18, 2014, 6:00 PM
NASA Finds "Habitable Zone" Planet Sized Similar to Earth
April 18, 2014, 3:13 PM
Mounties Arrest 19-Year-Old Who Delayed Canada's Tax Filing w/ Heartbleed
April 17, 2014, 3:24 PM
Thanks to Government Crackdown, Chinese "Porn Cop" Has Watched 600K Adult Videos
April 21, 2014, 12:00 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information