WASHINGTON – In case you missed it, Senator Maggie Hassan was on Bloomberg TV yesterday, where she discussed her efforts to protect New Hampshire small businesses from the burdensome internet sales tax collection requirement that resulted from the Supreme Court’s ruling in South Dakota v. Wayfair, Inc.
Senator Hassan highlighted legislation she recently helped introduce that would create an exemption from the ruling for small businesses that see less than $10 million a year in total sales and would ban retroactive taxation. The legislation would also establish an orderly phase-in of compliance obligations, preventing states from imposing remote sales tax collection duties before January 1, 2020. The Senator also joined her colleagues in urging Senate Leadership to take action before the end of the year to protect small businesses from the red tape resulting from the Supreme Court’s ruling. In addition, the Senator cosponsored the Stop Taxing Our Potential (STOP) Act, which would effectively overturn the Supreme Court case.
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