Multistate Tax Commission Holding Hearing on Model Notice and Reporting Statute

The Multistate Tax Commission is holding a public hearing on its draft "model" notice and reporting statute for remote retailers that do not collect sales tax on their sales.  The hearing is being held on May 18th, 2011 in Washington DC.  You can attend via phone.  You can also submit written comments prior to May 18th.  For all of the details, go to MTC public hearing.

For a copy of the agenda and the draft "model" notice and reporting statute, go to MTC Agenda and Draft.

As I discussed in earlier posts, the draft "model" statute appears to still be based on Colorado's enacted notice and reporting statute.  The "model" statute contains notification requirements for each transaction and also annual notification requirements.  On the positive side, it does contain an exclusion for companies with less than $100,000 in sales in the applicable state.  On the negative side, it contains penalties for non-compliance.

There is currently an injunction against Colorado's notification requirements; and it is still to be debated or determined as to whether these requirements are constitutional.  Yet, the MTC is still moving forward????