Tag Archives: online

Schimmel joins Main Street Fairness Advisory board

Knoxville businessman Scott Schimmel has joined small business owners from the country on the National Small Business Advisory Board for the Alliance for Main Street Fairness.
The alliance is an advocacy group lobbying for passage of a federal law closing the loophole that allows online-only retailers avoid collecting sales tax.
The Marketplace Fairness Act has passed the Senate and now awaits action by the House. Passage by the Republican-dominated House is not guaranteed, but the bill does have some measure of bipartisan support.
Tennessee Republican Sens. Lamar Alexander and Bob Corker both support the bill. As does Tennessee Gov. Bill Haslam, who sees the bill as a way to increase tax revenue without adopting new taxes.

Click here for more on the Alliance for Main Street Fairness.

A tax even conservatives can like

Now that Congress has passed the payroll tax cut bill maybe it will move quickly to close the online sales tax loophole.

Sen. Lamar Alexander on Thursday urged the Senate to do just that. lamar_alexander.jpgConservative support for Marketplace Fairness Act is building and now is the time to pass the bill, the Tennessee Republican said.

In a speech on the Senate floor, Alexander listed a number of notable conservatives who support closing the loophole that will cost state and local governments $23 billion this year alone. About the only name he didn’t drop was Grover Norquist.

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Amazon sales tax delay leaves millions on the table


A two-year delay in requiring Amazon to collect Tennessee sales taxes could move a step PAULSON+MONEY.jpgcloser to reality Tuesday with votes scheduled by state House and Senate committees.


Gov. Bill Haslam is pushing for the delay and supports a federal solution to the sales tax issue. Waiting two years to make Amazon collect taxes on sales to Tennessee residents is a whole lot better than never making the online retailer collect state taxes, which was the original deal brokered by his predecessor, Haslam says .

Maybe so, but waiting till 2014 still leaves a lot of money on the table – something like $22 million a year in state sales taxes and $9 million a year in local sales taxes.

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PR battle heats up on Internet sales tax bill

A bill that would make it easier for states to collect sales taxes on Internet purchases – the Main Street Fairness Act – was filed only a few days ago, but the PR battle is already heating up.

Sen. Dick Durbin, D-Ill., and Rep. John Conyers, D-Mich., introduced the legislation on Friday. Similar legislation was filed last year.

Lobbying for and against the current version of the bill is already in full voice. The early flurry of statements from both sides focuses on what it all means for small businesses.

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