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US-Draft “Online Sales Tax Simplification Act 2016”

US-Draft “Online Sales Tax Simplification Act 2016”

Washington is attempting to solve the online sales tax issue once again. A discussion draft of the Online Sales Tax Simplification Act of 2016 by House Judiciary Committee Chairman Bob Goodlatte is now being distributed, which can be viewed here.
E-commerce. Shopping cart with cardboard boxes on laptop.Currently e-retailers have the burden of figuring out what to tax and at what rate, as there are thousands of tax jurisdictions in the US, and not every jurisdiction taxes all their products.

The new draft proposes a more streamlined system to determine the sales tax to be collected and it would allow e-retailers to remit the collected monies to their home state revenue office in the same manner they already remit taxes collected on in-state sales.

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