Pending federal legislation allowing states to tax internet sales could potentially means big changes for retailers in the way they process and account for their sales and use taxes. Of course, the International Council of Shopping Centers states “this bill signals that leveling the playing field for all retailers is a top priority for Congress this year”.

On the other hand, small internet retailers will no doubt find the provisions of the bill onerous. Check here for a snap shot of the provisions of the proposed bill, SB 2609.