Senate Passes Bill To Let States Collect Online Sales Tax

Law360, Los Angeles (May 6, 2013, 9:45 PM EDT) -- The U.S. Senate on Monday passed the Marketplace Fairness Act of 2013, which would for the first time give state and local governments the ability to collect sales tax on out-of-state, catalog and online sales.

The bill, S. 743, passed the Senate 69-27 on Monday, in what lead sponsor Mike Enzi, R-Wyo., called a “strong bipartisan signal” that states should be able to enforce their own laws and that the federal government shouldn’t favor one business over another.

Enzi said he’s been working to level the playing...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.