Washington—The National Retail Federation (NRF) today welcomed the introduction of the Marketplace Fairness Act, saying that the new bipartisan bill demonstrates progress on moving sales tax fairness legislation this session in the U.S. Congress.
“For far too long local retailers and small business owners have been saddled with a competitive disadvantage with online retailers—sale taxes,” said David French, NRF senior vice president for government relations. “While store owners collect and remit state and local sales taxes their digital competitors are off the hook–and benefiting because of it.”
“This sales tax disparity hinders community-based retailers, hurts Main Street jobs, and has lead to a $24 billion loss for state and local governments,” French said. “As e-commerce and m-commerce continue to increase in market share, it’s time Congress allows all retailers to compete on the same playing field.”
The Marketplace Fairness Act seeks to close the sales tax disparity by granting states the authority to require remote and online sellers to collect sales and use tax at the point of purchase. The bill specifies that states would need to simplify and streamline their sales and use tax definitions and obligations before implementation, and provide sellers with free software to help them comply.
“This bill grants states the ability to collect taxes that are already owed,” French said. “The Marketplace Fairness Act reinforces free and fair competition in the marketplace, protects states’ rights, and brings much-needed simplification to the nation’s complex sales tax system. NRF has long-supported a federal solution to address the sales tax disparity that is flexible enough for states to implement and easy enough for small businesses to comply with.
To advance this retail priority, NRF has joined with other stakeholders, including the International Council of Shopping Centers (ICSC), National Association of Real Estate Investment Trusts, National Association of Wholesaler-Distributors, and Retail Industry Leaders Association to form the Marketplace Fairness Coalition, which is dedicated to advancing the Marketplace Fairness Act. www.nrf.com
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