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.
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. Conservative 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.
A two-year delay in requiring Amazon to collect Tennessee sales taxes could move a step closer 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.