ALERT! Small Business Owners About To Get Shafted With Online Sales TaxSubmitted by Velveeta Underground on Tue, 09/24/2013 - 14:27
Four months after the Senate approved a controversial bill requiring online merchants to start collecting sales tax, a pair of lawmakers have opened the debate in the House, but with one major change from the original legislation — no exemption for small businesses.
House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and Rep. Spencer Bachus (R-Ala.), a subcommittee chairman, recently released an outline of principles for online sales tax legislation, citing input from taxpayers, trade groups and state and local governments. In it, they argue that lawmakers should take action to level the playing field for brick-and-mortar and Internet retailers.