[Congressional Record Volume 160, Number 111 (Wednesday, July 16, 2014)]
[House]
[Pages H6313-H6314]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      THE MARKETPLACE FAIRNESS ACT

  (Ms. CHU asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. CHU. Mr. Speaker, I rise today in support of the Marketplace 
Fairness Act.
  States and cities have seen a dramatic decline of sales tax revenue 
due to the increase in online sales, where a sales tax that is already 
owed is not collected. This means that potholes go unfilled and streets 
go unpaved, and it is unfair to the brick-and-mortar stores that do 
collect it, but this can be changed.
  When my home State of California changed the law to require the 
collection of this already owed online sales tax, it brought in $260 
million in its first year. The potential for future growth is even 
greater, with $1 billion more that could be collected in California 
alone.
  Last night, a bipartisan group of Senators introduced a bill that 
combines the Marketplace Fairness Act, which would require this 
collection, with a 10-year extension of the Internet Tax Freedom Act.
  With this act, we can stop the closing of businesses on Main Street 
and have a fighting chance to keep the jobs they provide our 
communities.
  We cannot wait to pass legislation like the Marketplace Fairness Act.

[[Page H6314]]



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