About S743

Marketplace Fairness Act of 2013

Policy Area: Taxation

Sponsor: Sen. Enzi, Michael B. [R-WY] (R-WY)

Latest Action (2013-06-14): Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summary

Marketplace Fairness Act of 2013 – (Sec. 2) Authorizes each member state under the Streamlined Sales and Use Tax Agreement (the multi-state agreement for the administration and collection of sales and use taxes, adopted on November 12, 2002) to require all sellers not qualifying for the small-seller exception (applicable to remote sellers with annual gross receipts in total U.S. remote sales not exceeding $1 million in the preceding calendar year) to collect and remit sales and use taxes for remote sales under the provisions of the Agreement, but only if such Agreement complies with the minimum simplification requirements relating to the administration of such taxes, audits, and streamlined filing set forth by this Act. Authorizes any such state to exercise its authority under this Act beginning 180 days after publication of its intent to exercise such authority, but not earlier than the first day of the calendar quarter that is at least 180 days after the enactment of this Act. Allows a state that does not participate in the Streamlined Sales and Use Tax Agreement (non-member state) to collect and remit sales taxes if such state adopts and implements the minimum simplification requirements of this Act. Provides that such taxing authority shall commence no sooner than six months after such state: enacts legislation to specify the tax or taxes to which the simplification requirements apply; specifies the products and services otherwise subject to such taxes that would b

Subjects: Internet and video services, Internet, web applications, social media, Retail and wholesale trades, Sales and excise taxes, State and local government operations, State and local taxation, Tax administration and collection, taxpayers

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