Will The Marketplace Fairness Act Affect Your Small Business?
Up and Running
JULY 5, 2013
'In May, the Senate approved S.743 , a bill dubbed the Marketplace Fairness Act, by more than a two-to-one margin. The bill was drafted to close what is seen as a tax loophole — one that has allowed online retailers to avoid collecting sales tax. If the bill makes it through the House, President Obama has indicated he will sign it into law. There has been a lot of debate thus far over the bill and I’ll try not to weigh too heavily with my own opinion.
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