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Retailers Urge Passage of Marketplace and Internet Tax Fairness Act

Companies mentioned in this article: Retail Industry Leaders Association

ARLINGTON, Va., July 16, 2014 /PRNewswire-USNewswire/ -- The Retail Industry Leaders Association (RILA) today reiterated its support for both the Marketplace Fairness Act (MFA) and the Internet Tax Freedom Act (ITFA). Legislation combining the two bills was introduced last night as the Marketplace and Internet Tax Fairness Act (MITFA). Bill Hughes, Executive Vice President for Government Affairs, issued the following statement regarding the combination of the legislation in the Senate.

"Retailers support keeping Internet access tax free while closing the online loophole that essentially subsidizes online-only retailers against their brick and mortar competitors. It's time for the government to take its thumb off the scale and give all retailers a fair shot to compete in the free market.

"Congress has a unique opportunity to support continued growth of the digital economy while giving local businesses a boost by leveling the playing field and removing artificial advantages in the market.

"Given the overwhelming bipartisan vote on the Marketplace Fairness Act in the Senate and near-universal support in the House for ITFA, it seems obvious that these issues can and should be resolved together this year."

RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

SOURCE Retail Industry Leaders Association