JA Applauds Introduction of Marketplace Fairness Act of 2015

The new Senate bill puts sales tax fairness on the forefront of issues to be considered by Congress this year

March 11, 2015, New York, NY – Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, welcomes the United States Senate’s introduction of the Marketplace Fairness Act of 2015 (MFA) and supports ongoing bipartisan efforts in the Senate to pass e-fairness legislation. The association continues to fight for the legislation, which would close an Internet sales tax loophole that has hurt traditional jewelry businesses.

“Jewelers of America applauds the Senate introduction this important legislation that keeps the momentum on this critical issue alive,” says JA President & CEO David J. Bonaparte.

The Marketplace Fairness Act gives states the option to require the collection of sales and use taxes already owed under state law by out-of-state businesses, rather than rely on consumers to remit those taxes to the states. Currently, brick-and-mortar businesses collect sales and use taxes from customers who make purchases in their stores, but many online and remote retailers do not. If passed by both chambers of Congress and enacted into law, the measure would give states the option to require the collection of these taxes by out-of-state sellers if the state simplifies their sales and use tax systems. The Senate passed a previous version of the bill in 2013.

Jewelers of America is a longtime proponent of sales tax fairness, supporting efforts to enact legislation on the federal and state levels. The association has been guided in its efforts by its legislative counsel, Washington D.C.-based Haake & Associates. Jewelers of America is also a member of the Marketplace Fairness Coalition, a group of businesses and associations that support e-fairness. This is one of the issues that JA keeps front-and-center for legislators through the Jewelers of America Political Action Committee, JAPAC the only PAC that supports the fine jewelry industry in Washington, D.C.

Those interested in this issue and others affecting jewelry businesses can use Jewelers of America's Legislative Advocacy Center, atwww.jewelers.org/advocacycenter, to easily contact their representatives via email and urge them to support sales tax fairness today.

Contact:
Susan Thea Posnock
Director of Public Affairs & Education
sposnock@jewelers.org
(646) 658-5806
About Jewelers of America:
Jewelers of America (JA) represents a large network of the most professional and trustworthy jewelry retailers, designers and manufacturers in the United States who commit annually to JAs Code of Professional Practices. Founded in 1906, Jewelers of America has been maintaining consumer confidence in the jewelry industry for more than a century as a leader in industry advocacy and the development of ethical professional practices. JAs Jewelry Information Center at www.JIC.org, is the online source for fine jewelry and watch information, trends and shopping tips. Visit www.jewelers.org and www.JIC.org for more information.