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Senate Passed Internet Sales Tax - The Vote |
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admin
MUSA Official Joined: Apr 23 2007 Status: Offline Points: 113 |
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Posted: May 07 2013 at 4:36pm |
The
Senate has passed the Internet Sales Tax. The tax, also known as the
Marketplace Fairness Act, was passed in a vote of 69 to 27 on May 6th,
2013. The Act would require that online SMB’s who make $1 million or
more a year to pay taxes in the states they are not physically located.
See how your Senators voted here: Senate Passes Marketplace Fairness Act – How They Voted
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jaymiskin2013
Outsider Joined: May 23 2013 Location: CT Status: Offline Points: 6 |
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The issue of Internet Sales Tax was in hiring from the long time and finally the Senate has passed the bill. Before this people can freely trade online and sell goods as well as services but now they will pay the tax according to the rules and their earnings. It is applied on the people earning $1 million in one year and require to submit the returns within the specified time.
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Vivian Moon
MUSA Council Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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I see this as an accounting nightmare on the businss community.
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