Tax & Accounting Blog

Internet Sales Tax Bill Passes in U.S. Senate

Indirect Tax, ONESOURCE, Sales and Use Tax, Sales Tax Calculation, Sales Tax Nexus, Transaction Tax May 8, 2013

On Monday, May 6th, 2013 the Senate voted 69-27 approving the collection of sales tax from retailers with no physical presence in a state. This bill will move to the House of Representatives for voting where if approved the President has indicated “he would sign it into law” .