Support the Marketplace Fairness Act
Our guest blogger today is Dan Wagner, Vice President Government Relations with The Inland Real Estate Group of Companies, Inc. located in Oak Brook, IL. (And NAR Commercial Sponsor)
Shopping centers hire four employees for every $1 million in incremental sales. Online retailers add just one!…86% of consumers would prefer the convenience of paying sales tax on online purchases at the time of sale!…From 2011 to 2012 total retail sales grew by 4.9%, while ecommerce and mail-order sales grew by 14%. Internet retailers should not be given a competitive advantage over brick-and-mortar retailers that serve as the backbone of our communities. All retailers deserve to compete on a level playing field through business attributes like product selection, customer service and convenience. Shipping costs are an attribute that a company can choose to waive; however, sales taxes are mandatory for local retailers to collect. Local retailers should not be forced to compete on this government-imposed mandate especially when the tax collections for a brick and mortar story is 10 to 15% and internet retailers are not required to collect this tax. States should have the ability to enforce sales tax laws across all retailers, and only Congress can restore that right. The Marketplace Fairness Act of 2013 has passed the United States Senate S.743 by a vote of 69-27. The House version, HR 684 awaits consideration by the Committee on the Judiciary. Please contact your House of Representative members and urge them to pass the bill out of committee and have a vote on the House floor.
Our guest blogger is Dan Wagner, Vice President Government Relations with The Inland Real Estate Group of Companies, Inc. located in Oak Brook, IL. Find out more at InlandGroup.com