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THE MARKETPLACE FAIRNESS ACT: THE RULES FOR COLLECTING SALES TAX

Cost Free
Presentation Length 1.5 hours

Recorded DateApril 21, 2014
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes (Sales Tax)
Course LevelBasic
Course Description

As the Marketplace Fairness Act (MFA) picks up momentum in Congress, it’s no surprise that businesses across the country are trying to figure out what it means to them. If passed, this legislation grants states the authority to require certain non-exempt remote sellers to collect sales tax.

The MFA would not override current state and local statutes surrounding product and service taxability, tax holidays, exemptions, or related rates, boundaries and rules. Existing nexus laws would not change due to this legislation. The stated purpose of the MFA is to “restore the States’ sovereign rights to enforce State and local sales and use tax laws….” The bill, as currently written, would authorize states to require remote sellers to collect and remit sales tax in accordance with state and local laws, as long as those states are in full compliance with the Streamlined Sales Tax Agreement, a member of the SST, or implement a minimum set of simplification measures.

Learning Objectives

  • The current state of MFA legislation

  • How it may impact your business

  • The potential schedule to comply. It could be sooner than you think.

  • Ways to be ready prior to enactment

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Scott Peterson

Avalara
Vice President of U.S. Tax Policy and Government Relations
scott.peterson@avalara.com
(615) 598-4337

Avalaralogo

Scott Peterson is Avalara’s Vice President of U.S. Tax Policy and Government Relations. Prior to Avalara, he was the first Executive Director of the Streamlined Sales Tax Governing Board - an organization devoted to making sales tax simpler and more uniform for the benefit of business. Scott also spent 10 years as the Director of the South Dakota Sales Tax Division and 12 years providing research and legal writing for the South Dakota legislature.

About Our Presenter

Avalaralogo
Avalara helps businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers comprehensive, automated, cloud-based solutions that are designed to be fast, accurate, and easy to use. We automate and simplify governmental compliance processes, including tax determination, exemption certificate management, and tax return preparation, filing, and remittance. Avalara’s Compliance Cloud™ platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world. Avalara offers more than 500 hundred pre-built connectors into leading accounting, ERP, ecommerce and other business applications making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns and other compliance documents.