2. Supreme Court Rulings from 1967 and
1992
Two
different supreme court rulings
National
Bellas Hess V. Illinois Department of
Revenue in 1967
Quill
V. North Dakota 1992
3. What Does This Mean?
National Belle Hess V. Illinois Department of
Revenue
Tax
laws are complicated
Quill V. North Dakota
It
is Congress turn to take up this issue
4.
5. Budget Short Falls 2012
Taxes Lost To Online Sales
California $16 Billion
California $1.904 Billion
Florida $3.6 Billion
Florida $803 Million
Virginia $2 Billion
Virginia $207 Million
Texas $9 Billion
Texas $807 Million
New Mexico $450 Million
New Mexico $120 Million
New York $10.4 Billion
New York $864 Million
Illinois $6.4 Billion
Illinois $506 Million
US Total in 2012: 11.4 Billion
6. Marketplace Fairness Act: What is it?
Introduced
on February 14th
Sponsored by Mike Enzi R-WY Richard
Durbin D-IL Lamar Alexander R-TN Heidi
Heitkamp D-ND
Passed by the Senate on May 6th
Stalled in the House of Representatives
8. One More Example
Using brick and mortar stores as a show rooms,
testers and try on and then make purchases online
One
diamond retailer, Jack Seibert interviewed by Josh
Boak and The Fiscal Times reported that “many a
groom has sauntered into his shop looking for an
engagement ring. He taught them all about the color,
cut, clarity and carat only to learn that they later
bought a diamond online.
$10000 Diamond purchase lost from the store and
$675 lost tax dollars
9. Stephen Sadove and the National Retail
Federation
Saks Inc. Chairman of The Board and CEO
Chairmen of the board and Chairman of the Executive Committee
The National Retail Federation is located in Washington D.C. and is closely
watching the events of the Marketplace Fairness Act as it navigates Capitol
Hill
In their news letter released on May 6th of this year“when senators expressed
interest in acting on the legislation a few weeks ago, the NRF ramped up its efforts
on the issue, meeting with key senators and their staffs, flooding capitol hill with
phone calls emails from retailers across the country, helping state retail
associations place op-eds and letters to the editor and continuing dozens of
interviews with newspapers, television and radio to explain that online retailers
who don’t have to collect sales tax hold an unfair price advantage over local
retailers who do.”
