Latest News Other News JA welcomes introduction of Main Street Fairness Act

JA welcomes introduction of Main Street Fairness Act

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The legislation would level the playing field between online and brick-and-mortar retailers

(NEW YORK) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry retail marketplace, welcomes the introduction of the Main Street Fairness Act, which would close an Internet sales tax loophole that has hurt traditional jewelry businesses.

Congressman William Delahunt (D-MA) introduced the Act (H.R. 5660) – which would allow states to require out-of-state sellers (including online and catalog retailers) to collect sales tax – on July 1. Rep. Delahunt had previously introduced sales tax fairness legislation in the 110th Congress.

“Jewelers of America applauds Rep. Delahunt’s efforts to level the playing field between traditional retailers and their online counterparts,” says President and CEO Matthew A. Runci.

Internet and remote sellers have had a tax advantage over brick-and-mortar businesses since 1992, when the Supreme Court made a ruling that barred states from requiring that remote sellers collect sales taxes. The decision was based on the complexity of collecting taxes for so many different jurisdictions. However, the Streamlined Sales and Use Tax Agreement (SSUTA) – adopted by 24 states – has simplified the process, bringing about changes that enable remote sellers to use streamlined electronic systems to collect various taxes.

Earlier this year, JA kicked-off a legislative action campaign which directed members and non-members to contact their representatives and ask them to reintroduce and pass sales tax fairness legislation. Nearly 300 businesses have taken action since JA launched its campaign at the end of January.

The campaign, which is part of Jewelers of America’s longtime efforts to enact sales tax fairness legislation – is ongoing. Members and non-members can send their own personalized messages to Congress by visiting the sales tax fairness action alert page at the Legislative Action Center (http://www.capwiz.com/jewelers/issues/alert/?alertid=14300331).

Visit www.jewelers.org and www.JIC.org for more information.

 
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