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article imageU.S. Senate passes Internet sales tax

By Owen Weldon     May 7, 2013 in Business
On Monday, the U.S. Senate passed a bill, the Marketplace Fairness Act, that is aimed at making it easier for states to collect sales taxes on purchases that are made online.
According to USA Today, even though the Senate passed the bill, it's fate still remains uncertain.
According to LA Times, House Speaker John Boehner said that he will probably not support the bill. A key House committee chairman said that his panel will likely take an approach that is more thoughtful.
According to Time, eBay has led the fight against the bill in Senate, and so has lawmakers from states that do not have sales tax.
Opponents of the bill argue that states will be given too much power to enforce their tax laws across state lines. Opponents say that states could start auditing businesses located out of state, and they could end up imposing liens on their property as well as sue them in state court.
More about internet sales tax, Sales tax, Senate, Approved
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