News

Legislators move on retail-tax disparity

BY HBSDealer Staff

The National Retail Federation issued the following statement today from senior VP government relations David French on the introduction of the Marketplace Fairness Act by Senators Mike Enzi, R-Wyo. and Dick Durbin, D-Ill.:

“We welcome this effort to level the sales tax playing field between Main Street merchants and online retailers. For far too long, brick-and-mortar retailers have faced a competitive disadvantage solely because of Congress’ inability to resolve the online sales tax disparity.

“Retailers should be allowed to compete for customers and sales on price, service and selection and not forced to compete on whether or not they collect state and local sales tax.

“The introduction of this legislation is a welcome sign that lawmakers may finally act on this retail industry priority, and builds upon ongoing activity in the House and Senate. It also comes on the heels of Supreme Court Justice Anthony Kennedy’s admission last week that the Court got it wrong on sales tax collection two decades ago and should revisit its decision.

“It is Congress’ responsibility to lay out a legislative framework on online sales tax collection and we hope that the introduction of this bill will spur congressional action to remedy this problem this year.”

A similar version of the Marketplace Fairness Act passed the U.S. Senate on May 6, 2013 with a broad, bipartisan vote of 69 to 27.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
Dashboard
News

Industry Dashboard: NAICS 444 sales slip

BY HBSDealer Staff

The Quikrete Industry Dashboard shows a mixed message on monthly sales. Also: Lowe’s and Home Depot lead the league in stock performance.

(Click below for a larger version)

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
Stock Watch
News

HBSDealer Stock Watch: Friday lows

BY HBSDealer Staff

Only six home improvement stocks had gains at the close of Friday. Sears Hometown and Lumber Liquidators fell the farthest at -29.85% and -15.33%, respectively.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?