As the Marketplace Fairness Act of 2013 (MFA) picks up momentum in Congress, it’s no surprise that businesses across the country are trying to figure out what it means to them. If passed, this legislation grants states the authority to require certain non-exempt remote sellers to collect sales tax.
The MFA would not override current state and local statutes surrounding product and service taxability, tax holidays, exemptions, or related rates, boundaries and rules. Existing nexus laws would not change due to this legislation. The stated purpose of the MFA is to “restore the States’ sovereign rights to enforce State and local sales and use tax laws….” The bill, as currently written, would authorize states to require remote sellers to collect and remit sales tax in accordance with state and local laws, as long as those states are in full compliance with the Streamlined Sales Tax Agreement, a member of the SST, or implement a minimum set of simplification measures.
The current state of MFA legislation
How it may impact your business
The potential schedule to comply. It could be sooner than you think.
Ways to be ready prior to enactment
"This was probably the best webinar, from my perspective, that I have taken from CPAacademy.org. Very knowledgeable, current and pertinent."
"This was a very important and timely subject. It was very informative and presented effectively. The speaker's voice was just right to listen to plus he was very willing to hold over and answer the multitude of questions given to him. I was very glad that you gave us this opportunity to learn more about what is going on in this field. Thanks so much."
"The instructor, Scott Peterson, was very knowledgeable and presented the information in an engaging manner. I enjoyed this webinar."
"The course brought awareness of the importance of the subject I had not previously given attention; from now on I will."
"More than anything, it raised awareness about what's to come in sales tax."
"Excellent information and presentation. Well worth the time."
Scott Peterson is Director of Government Affairs for Avalara. He joined Avalara in November 2012 after almost 7 years as the first Executive Director of the Streamlined Sales Tax Governing Board. At Streamline Scott was the chief operating officer of an organization of state governments working to make their individual sales tax systems simpler and more uniform. Prior to Streamline Scott was the Director of Sales Tax for the South Dakota Department of Revenue. In that position Scott was responsible for the day-to-day management of the state’s sales tax, the sales tax for 205 cities and 4 tribal governments, and directed the administration’s sales tax policy.
CPAwebengage, Inc is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.