What You Need to Know About the Internet Sales Tax

By Oregon Tax News, What You Need to Know About the Internet Sales Tax This week the Senate passed the so-called Marketplace Fairness Act by a vote of 69 to 27.  Here are some important things to know about the bill. 1. Allows states to capture $11 billion in taxable income. it allows the 45…

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Senate eyes internet tax

By Oregon Tax News, A bill proposed by three prominent U.S. senators would give states broad new taxing power over online retailers located outside their boundaries. The Marketplace Fairness Act was proposed in February by Senators Mike Enzi (R-WY), Dick Durbin (D-IL) and Lamar Alexander (R-TN) and could make shopping online more expensive and complicate…

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