Last year, I traveled to Washington, D.C., and advocated for Nebraska business owners. In-state businesses are required to pay local and state sales taxes; however, online companies are not held to this standard. Therefore, we are put at a disadvantage with online competitors because of state sales tax law.
The U.S. Senate, with the support of Sens. Deb Fischer and Mike Johanns, passed the Marketplace Fairness Act, which requires online companies to collect state and local sales tax. In the Nebraska Legislature, there are currently two bills (LB1031 and LB1057) that designate future Marketplace Fairness Act tax dollars to be used toward tax relief for Nebraskans.
Nebraska's plan to use future Internet sales tax dollars for tax relief will send a strong signal to the U.S. House to pass the legislation. This is not a new tax. This is money already owed, and many just choose not to pay it or claim it.
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This legislation on the state and national level will ensure small businesses have the ability to compete against online competitors.
Tom Wright, Wright's Jewelers, Lincoln