NRF Comes Out In Favor Of Marketplace Fairness Act

What's Next In Payments®
3:33 PM EDT February 17th, 2013

The National Retail Federation has come out in favor of the Marketplace Fairness Act, which would allow taxes to collect sales tax from online retailers.

“As e-commerce and m-commerce continue to increase in market share, it’s time Congress allows all retailers to compete on the same playing field,” said David French, senior vice president for government relations at the NRF.

The bill was reintroduced to congress last week, and will allow small businesses who do less than $1 million in out-of-state sales a year to apply for an exemption. States will be required to simplify their tax codes before the bill is implemented, notes BankCreditNews.com.

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