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Barbara Weltman

Big Ideas for Small Business, Inc.

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Remote Transaction Parity Act

June 28, 2015 / By Hudson Fusion

A proposed law (H.R. 2775) would allow states to collect sales tax on remote (online) purchases in the same way as they collect it on transactions in brick-and-mortar stores within their borders. The bill, which is an alternative to the proposed Marketplace Fairness Act that has failed to be enacted, would provide some protections for small businesses: an exemption for those with sales up to $5 million and audit protection.

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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