One of online retailing’s big advantages could be dealt a serious blow in the future.
The Senate passed a nonbinding amendment which would allow states to collect sales tax from out-of-state online retailers.
The amendment was part of the Marketplace Fairness Act and passed the Senate by a vote of 75-24.
The National Retail Federation advocates the passage of such a bill, since their brick-and-mortar businesses lose so much volume each year to online retailers.
The NRF estimates that states annually lose $24 billion in unreported online purchases.
Story by Bill Hardekopf for LowCards.com.
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