HM 1265 Summary

• Urges Congress to pass legislation similar to the Marketplace Fairness Act to allow states to enforce existing sales and use tax laws on remote and online sales

• Cites e-commerce growth of 300 percent from $1 trillion in 1999 to $4 trillion in 2012, and estimates Florida lost $3.9 billion in tax revenue from 2007 to 2012 due to uncollected online sales taxes

• Addresses competitive disadvantages for brick-and-mortar retailers who must collect sales tax while out-of-state online sellers do not, creating a 5 to 10 percent price advantage for online businesses

• Proposes exemption from collection requirements for small-volume sellers with less than $500,000 in annual online sales

• Directs copies of the memorial be sent to the President, President of the Senate, Speaker of the House, and Florida's congressional delegation