Senate Majority Leader Harry Reid said he is “looking at” scheduling a bill that would let states collect taxes on out-of-state sellers as the next issue on lawmakers' agenda after pending gun legislation.
Reid, who controls the flow of legislation to the U.S. Senate's floor, indicated in a brief interview yesterday in Washington that he hadn't made a decision yet. A vote on the sales tax measure could come as early as next week, said a Senate Democratic aide who spoke on condition of anonymity.
The bill, backed by Wal-Mart Stores Inc. and Amazon.com Inc., would let states collect some of the $24 billion in revenue they lose to untaxed sales made by retailers with no physical presence in their states. EBay Inc. and anti-tax groups such as Americans for Tax Reform oppose the measure.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
