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FL S0254

M

Status

Failed

4/30/2010

Primary Sponsor

Jeremy Ring

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Origin

Senate

2010 Regular Session

AI Summary

  • Urges Florida's congressional delegation to co-sponsor and support the Main Street Fairness Act, which would grant states authority to require remote sellers to collect sales and use taxes regardless of nexus.

  • Cites Supreme Court rulings (National Bellas Hess v. Department of Revenue of Illinois and Quill v. North Dakota) that currently limit states' ability to require remote sellers to collect sales taxes.

  • Notes that the Center for Business and Economic Research estimates Florida will lose $1.4 billion in 2012 due to inability to collect taxes on remote sales, with total state losses projected at $23 billion.

  • References the Streamlined Sales and Use Tax Agreement ratified in 2002, which 23 states have adopted as of October 2009 to simplify and standardize sales tax collection systems.

  • Requests President Obama sign the Main Street Fairness Act into law and directs copies of the memorial be sent to the President, congressional leaders, and all members of Florida's congressional delegation.

Legislative Description

Main Street Fairness Act [WPSC]

Last Action

Died in Committee on Finance and Tax

4/30/2010

Committee Referrals

Finance and Tax12/9/2009

Full Bill Text

No bill text available