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Gov't Report Shows Most Vendors Won't Be Hit By Internet Tax

Law360, New York (November 19, 2013, 3:26 PM EST) -- As Congress continues to weigh bills that would allow for states to tax more Internet sales, a government report released Tuesday says that a $1 million threshold to define which businesses are large enough to collect sales tax would exempt all but 0.1 percent of retailers from collecting the levy.

The report, released by the U.S. Small Business Administration, says that 57 percent of online retail sales would be subject to taxation under The Marketplace Fairness Act of 2013, which the Senate passed in May with...
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