WASHINGTON — The National Governors Association sent a letter to the Senate Finance Committee Tuesday strongly urging passage of the online sales tax bill before the end of this year.

“Never before has the need for legislation to grant states the authority to collect sales taxes on remote sales been greater,” the group wrote to Sens. Max Baucus, D-Mont., and Orrin Hatch, R-Utah. “The continued disparity between online retailers and Main Street businesses is shuttering stores and undermining state budgets. Failure to act now will only exacerbate state losses and harm local businesses that are losing sales to online sellers.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.