Durbin May Propose Online Purchases Tax

Majority Whip Dick Durbin (D-IL) tells the New York Post he may propose “sweeping legislation to tax all online purchases — in a move aimed at closing state budget shortfalls” this week.

Durbin’s bill, dubbed the Main Street Fairness Act, is being portrayed as an end to the tax holiday that online shoppers on major Internet vendors like Amazon.com, Overstock.com and even Apple’s App stores have been enjoying for years.

Online companies already pay state taxes in the states in which they reside, but many politicians, including those in New York, Illinois and Connecticut, recently have been pushing to collect taxes from customers on purchases made outside the state if the sites have vendors that physically reside within their states.

Durbin’s proposal “intends to push Internet vendors to collect state taxes on items purchased out of state.”

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Filed under Internet / Cyber Security, Party Leadership, Taxes

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