The Marketplace Fairness Act was introduced today in the Senate by five Republicans and five Democrats. You can find the full text of the bill and more on our new informational site, MarketplaceFairness.org. We’ve also issued a press release expressing our support for the bill, which would authorize states to require online retailers to collect sales tax.
This is the third bill on online sales tax to be introduced this year, after the Main Street Fairness Act and the Marketplace Equity Act. The primary difference seems to be that, while the Marketplace Fairness Act, like the others, requires states to simplify their sales tax laws before they can compel out-of-state retailers to collect sales tax, the bill offers states two methods of simplification: states can join the Streamlined Sales and Use Tax Agreement or they can adopt a set of simplification guidelines in the bill.
We fully support the Marketplace Fairness Act, and we look forward to its quick passage into law.