Nov. 9, 2011
NCSL Announces Support for Marketplace Fairness Act
The National Conference of State Legislatures (NCSL) announces its support for the bipartisan Marketplace Fairness Act, introduced in the United States Senate today (Nov. 9, 2011) by Senator Dick Durbin of Illinois, Senator Mike Enzi of Wyoming, Senator Tim Johnson of South Dakota, Senator Lamar Alexander of Tennessee, Senator Sheldon Whitehouse of Rhode Island, Senator John Boozman of Arkansas, Senator Bob Corker of Tennessee, Senator Jack Reed of Rhode Island, Senator Mark Pryor of Arkansas and Senator Roy Blunt of Missouri.
As states expect major cuts in federal funds as part of the deficit reduction process, enacting this legislation is a step federal lawmakers can take to lessen the impact. If this legislation passes, estimates show that in FY 2012 alone, states stand to gain $23.3 billion in revenue from sales taxes that already exist, but currently cannot be collected. This is fiscal relief for the states that does not cost the federal treasury a dime.
The Marketplace Fairness Act is a bipartisan version of the Main Street Fairness Act introduced by Senator Durbin earlier this year.
NCSL is a bipartisan organization that serves the legislators and staffs of the states, commonwealths and territories. It provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues and is an effective and respected advocate for the interests of the states in the American federal system.