Senate Majority Leader Harry Reid, D-Nev., filed a motion this week to skip the Senate Finance Committee and take the online sales tax bill directly to the full Senate, which would vote on the measure as early as next week.

The Marketplace Fairness Act, S.336, was originally introduced by Sen. Mike Enzi, R-Wyo., on Feb. 14. The bill would allow states to collect taxes from online retailers and catalogs. For years brick-and-mortar businesses have complained they are at a disadvantage because they have to collect taxes while online retailers who don’t have a physical presence in a state are exempt.

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.