As 2013 draws to an end, it’s natural to reminisce about such an eventful year. Indeed, 2013 had many noteworthy events – a royal birth, a new pope, and a third (THIRD!?) Red Sox World Series victory in 10 years, just to name a few.
In addition, the world of sales and use tax had its share of newsworthy and impactful developments. However, if there was a bracket contest for the most intriguing or most popular sales tax story for 2013, the developments surrounding sales tax nexus and e-commerce would likely take the top seed. Indeed, a few notable highlights (or low points, depending on your perspective) to support such a ranking include:
So what does this all mean for 2014? In denying certiorari for the Overstock and Amazon matters, the Court created a ripple that will likely lead to other states attempting to enact similar legislation. Further, Overstock.com and Direct Mktg.may indicate the federal courts’ reluctance to hear a state tax case or their desire for Congress to resolve the issue. On that front, the MFA remains stalled in the House, where politics are playing a role to a certain degree, but fundamental disagreements over the function and fairness of the MFA as well as disagreement over the exemption amount are primary points of contention. With that in mind, it’s clear that the MFA will have to undergo significant revisions if there is going to be any action with the bill in 2014.
Continue the discussion on the BBNA State Tax Group on LinkedIn : What was the biggest story/development in 2013 for sales and use taxes?
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