Yesterday Politico ran an article that predicts that the Main Street Fairness Act may soon be introduced, and included along with a good background on the issue is an analysis of its chances of success:
Similar legislation introduced last year by former Rep. Bill Delahunt (D-Mass.) went nowhere. However, the dynamics in Congress may have changed now that a growing number of states have passed or are considering bills to address the issue and online businesses are faced with the possibility of complying with many different state laws and many different state sales tax rates.
Complying with federal legislation would be simpler for online retailers than complying with dozens of individual state laws. What’s more, the Main Street Fairness Act allows only states that have already enacted regulations that make compliance easier for online retailers to require online retailers to collect sales tax:
The idea behind Durbin’s bill is that states would be able to require online retailers to collect sales tax if the states first agree to a streamlined sales tax. So far, 24 states are members of the Streamlined Sales and Use Tax Agreement, which would simplify and harmonize sales tax nationwide.
The article says that the bill may be introduced as early as this week. Naturally, we will keep you posted on any developments.