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Marketplace Fairness Coalition Applauds Sen. King For Introducing Bipartisan Bill To Help Maine Small Businesses

May 1, 2017

 

WASHINGTON, D.C. – The Marketplace Fairness Coalition applauded U.S. Senator King (I-ME) for reintroducing the Marketplace Fairness Act (MFA), bipartisan legislation that will level the playing field for brick-and-mortar businesses in Maine and nationwide. Corresponding bicameral legislation was also reintroduced this week in the U.S. House of Representatives.

"We applaud Senator King's leadership on this important legislation, which will increase jobs and grow businesses in Maine.

"Thanks to an outdated, pre-internet online sales tax loophole, Main Street businesses in Maine and across America are struggling to keep their doors open. Meanwhile, communities grappling with budget shortfalls are forced to live with crumbling infrastructure and cannot hire teachers and first responders thanks to the lost revenue resulting from this loophole.

"It's time for Congress to bring our tax system into the 21st Century and pass federal E-Fairness legislation immediately."

According to a study by National Council of State Legislatures (NCSL) and International Council of Shopping Centers (ICSC), states lose an estimated $26 billion annually to the online sales tax loophole. To learn more about the online sales tax issue in Maine, click here.

The MFA bill was reintroduced by U.S. Senators Lamar Alexander (R-TN), Dick Durbin (D-IL), Mike Enzi (R-WY), and Heidi Heitkamp (D-ND). Cosponsors include Roy Blunt (R-MO), Benjamin Cardin (D-MD), Susan Collins (R-ME), Tammy Duckworth (D-IL), Dianne Feinstein (D-CA), Al Franken (D-MN), Tim Kaine (D-VA), Angus King (I-ME), Ed Markey (D-MA), Jack Reed (D-RI), Mike Rounds (R-SD), Mark Warner (D-VA), Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI). The legislation passed with strong bipartisan support in 2013.

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