USA Today has this and lots more at the link.
The Senate passed a bill Monday night aimed at making it easier for states to collect sales taxes for online purchases, but its final prospects remain uncertain.
Even so small online retailers are already thinking about the bill's potentially large impact on their operations.
Nancy Mashragi would seriously consider reducing her sales to less than $1 million a year so she'd be exempt from collecting sales tax from customers.
Mashragi sells refurbished electronics through her eBay store, Concept Electronics. Last year she sold roughly $3 million worth of merchandise. But if the Senate passes the Marketplace Fairness Act tonight, she may cut iPads, which have a high cost but low profit margin, from her inventory so she'd fall within the proposed $1 million small-seller exemption
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Senate votes 69-27 to approve internet sales tax bill; House future is unclear
— Jamie Dupree (@jamiedupree) May 6, 2013
Check how your Senators voted on the internet sales tax bill at 1.usa.gov/YBcmkv
— Jamie Dupree (@jamiedupree) May 7, 2013
For those asking, the internet sales tax bill is not a revenue bill and does not need to originate in the House
— Jamie Dupree (@jamiedupree) May 7, 2013
The bill does not levy a tax; it helps to streamline a tax system & get internet retailers to collect/remit taxes
— Jamie Dupree (@jamiedupree) May 7, 2013
The sales taxes would go to the states, not the federal government
— Jamie Dupree (@jamiedupree) May 7, 2013
The estimate is that states lose $11 billion plus a year in sales taxes not collected for internet sales
— Jamie Dupree (@jamiedupree) May 7, 2013
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