HM 1415 Summary

• Urges the U.S. House of Representatives to pass the Marketplace Fairness Act of 2013, which would authorize states to require out-of-state sellers to collect and remit sales and use taxes on remote sales.

• Addresses the 1967 National Bellas Hess and 1992 Quill Corp. Supreme Court rulings that prevented states from requiring tax collection by out-of-state sellers with no physical presence in the state.

• Notes that 24 states representing 33% of the nation's population have passed conforming legislation to the Streamlined Sales and Use Tax Agreement, which simplifies tax collection while protecting state sovereignty.

• Cites estimates of $56.3 billion in nationwide revenue losses from 2007-2012 due to lack of authority to tax remote sales, with Florida potentially losing $3.9 billion during that period.

• Proposes exempting small-volume sellers earning less than $500,000 annually in online sales and requires copies of the memorial be sent to the President, Congress leadership, and Florida's congressional delegation.