Will The Marketplace Fairness Act Affect Your Small Business?
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JULY 5, 2013
The bill was drafted to close what is seen as a tax loophole — one that has allowed online retailers to avoid collecting sales tax. The act is applicable to any business making more than $1 million in out-of-state revenue. In May, the Senate approved S.743 States are required to provide free tax software to remote sellers.
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