US SB976 | 2017-2018 | 115th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 19-8-1)
Status: Introduced on April 27 2017 - 25% progression, died in chamber
Action: 2017-05-18 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57.
Text: Latest bill text (Introduced) [PDF]

Summary

Marketplace Fairness Act of 2017 This bill 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. The bill 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 bill. The bill also prohibits states from beginning to exercise the authority granted by this bill for a specified period after enactment.

Tracking Information

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Title

Marketplace Fairness Act of 2017

Sponsors


History

DateChamberAction
2017-05-18SenateCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57.
2017-04-27SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2193 (Related) 2017-05-05 - Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
SR433 (Related) 2018-03-13 - Referred to the Committee on Finance. (text of measure as introduced: CR S1688)

Subjects


US Congress State Sources


Bill Comments

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