US SB698 | 2015-2016 | 114th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 15-8-1)
Status: Introduced on March 10 2015 - 25% progression, died in committee
Action: 2015-03-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Marketplace Fairness Act of 2015 Authorizes each member state under the Streamlined Sales and Use Tax Agreement (the multistate agreement for the administration and collection of sales and use taxes adopted on November 12, 2002) to require all sellers not qualifying for a small-seller exception (applicable to sellers with annual gross receipts in total U.S. remote sales not exceeding $1 million) to collect and remit sales and use taxes with respect to remote sales under provisions of the Agreement, but only if such Agreement includes minimum simplification requirements relating to the administration of the tax, audits, and streamlined filing. Defines "remote sale" as a sale of goods or services into a state in which the seller would not legally be required to pay, collect, or remit state or local sales and use taxes unless provided by this Act. Prohibits states from beginning the exercise of the authority granted by this Act for a specified period after enactment.

Tracking Information

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Title

Marketplace Fairness Act of 2015

Sponsors


History

DateChamberAction
2015-03-10SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2775 (Related) 2015-07-01 - Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Subjects


US Congress State Sources


Bill Comments

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