KXNT Programming (Including Rush Limbaugh)Now on 840 AM, Radio.com App & HD 2 Channel

Retail Association Of Nevada Hails US Senate Passage Of Internet Tax

CARSON CITY, Nev. (AP) — The Retail Association of Nevada is hailing U.S. Senate passage of a bill that would allow states to collect tax on Internet sales.

The Senate on Monday approved the Marketplace Fairness Act on a vote of 69-27.

The vote came the same day the Nevada Assembly approved a resolution urging Congress to support the measure.

Under existing law, only retailers with a physical presence in the state are required to collect sales tax on online purchases. In Nevada, consumers of non-taxes goods are supposed to pay the sales tax directly to the state, though that is rarely done.

As a result, many online sales are tax-free, giving Internet retailers an advantage over brick-and-mortar stores.

The association says a federal law will make all businesses operate under the same rules.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

blog comments powered by Disqus
Get Started
Introducing Your New Podcast Network Play.it

Listen Live