So what stops a company that sells via ebay or amazon and has 2m dollars in sales from just creating personal accounts and limiting their sales to 1m per individual in order to get by this legislation
The legislation that passed says the following:
(c) Small Seller Exception- A State shall be authorized to require a remote seller, or a single or consolidated provider acting on behalf of a remote seller, to collect sales or use tax under this Act if the remote seller has gross annual receipts in total remote sales in the United States in the preceding calendar year exceeding $500,000. For purposes of determining whether the threshold in this subsection is met, the sales of all persons related within the meaning of subsections (b) and (c) of section 267 or section 707(b)(1) of the Internal Revenue Code of 1986 shall be aggregated.
I think the bolded part is the catch all for anybody that tries to circumvent the law and have multiple companies under the NOW $500,000 dollar threshold.
NOTICE, what the slimy bastards did. The proposed legislation (I read it yesterday) has a cut off for small sellers of $1,000,000. That number got conveniently reduced to $500,000 in the senate passed legislation.
What slimy bastards.
This post was edited on 5/7 at 9:33 am