Say goodbye to tax-free shopping! Yesterday, the Senate voted for a bill that if legalized, will take away a nice perk we’ve all taken for granted while shopping online. This bill is called the Marketplace Fairness Act, which would force online retailers to tack on a sales tax for all online purchases. The bill will be voted on in the Senate for a final time on May 6.
The bill would change a 1992 law that didn’t require online-only retailers to pay a sales tax in states that require retailers to charge a sales tax unless this retailer had a brick and mortar store in the United States. Right now, how online shopping works is that if you’re shopping for something on BestBuy.com and Best Buy has a physical shop in your state, you’ve had to pay your state’s sales tax. However, if you bought something from Etsy, and the seller didn’t have a brick-and-mortar location, you didn’t have to pay the tax. If the proposed legislature passes, you will start paying that tax. With this bill, the state you live in will collect taxes for everything you buy online.
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