Congress sent states that have been losing billions of dollars in uncollected sales tax a valentine today with the introduction of the Marketplace Fairness Act, a bill that will give states the authority to require online retailers to collect sales tax.
Identical bills were introduced in both the House (HR.684) and the Senate (S.336). Similar legislation was introduced last year but expired when Congress ended its session in early January.
Momentum seems to be on the side of legislation. Let’s hope it passes quickly!