Breaking Down the Current Marketplace Fairness Act of 2013

As the Marketplace Fairness Act of 2013 (MFA) picks up momentum in Congress, it’s no surprise that businesses across the country are trying to figure out what it means to them. If passed, this legislation would grant states the authority to require certain non-exempt remote sellers to collect sales tax. It would also broaden states’ authority to require remote sellers to collect sales tax regardless of whether that business has a physical presence within those states. The stated purpose of the Marketplace Fairness Act of 2013? “To restore the States’ sovereign rights to enforce State and local sales and use tax laws…”

What it won't do is override current state and local statutes surrounding product and service taxability, tax holidays, exemptions, or related rates, boundaries and rules. Existing nexus laws would not change due to this legislation. In the end, that means your business will pay MORE taxes which means more effort to stay compliant.

Download this one-pager, “Breaking Down the Current Marketplace Fairness Act of 2013,” to get a breakdown of the latest developments and find out how the MFA will impact your business, if passed.

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