GNO, Inc. Commends Louisiana House of Representatives for Passing Louisiana Internet Sales Legislation
Caitlin Berni | email@example.com | Published on May 13, 2015
Baton Rouge, La. — Today Greater New Orleans, Inc. (GNO, Inc.) thanks the Louisiana House of Representatives for passing House Bill 555 by Rep. Jim Fannin and Rep. 355 by Rep. Pugh, legislation to create a Louisiana solution for collections on internet sales. This bill provides for the collection of sales and use taxes due on sales made in Louisiana by a remote dealer. The bill now awaits consideration by the Louisiana Senate.
“GNO, Inc. is proud to lead the passage of a Louisiana based solution to collect on internet sales in partnership with the Louisiana Retailers Association and Stay Local,” said Michael Hecht, President and CEO of Greater New Orleans, Inc. “This is not a new tax – it simply closes a loop-hole and levels the playing field for brick-and-mortar businesses in Louisiana and the nation. The result will be fairer conditions for businesses, and more resources for communities. We thank Representative Fannin and Representative Steve Pugh for their tireless leadership on this issue and urge the Senate to pass the measure swiftly.”
“We applaud the House of Representatives for approving crucial legislation to protect Louisiana businesses,” said Dawn Johnson, Executive Director of the Louisiana Retailers Association. “It’s time to discontinue the government sanctioned competitive advantage and require Internet dealers to collect sales tax.”
“This is a great first step towards real sales tax fairness in Louisiana,” said Mark Strella, Program Manager for StayLocal, New Orleans’ Independent Business Alliance. “This issue has dogged Louisiana businesses for more than a decade. It’s great to see the legislature working to create a level playing field for local businesses.”
“Louisianans agree that now is the time to pass internet sales legislation” said Marty Mayer, President and Chief Executive Officer of Stirling Properties. “As I have previously stated, it is important to level the playing field for our retailers who are employing people and paying taxes in our communities. The passage of this bill is critical to the Commercial Real Estate industry, brick-and-mortar retailers and perhaps more importantly, to our state and local governments.”
Currently, online retailers are not required by law to collect sales taxes on most sales made via the internet. This new legislation alters the designation of a dealer to include any company with an affiliated agent who sells the same or similar products under the same or similar name greater than $50,000 per year in the state would be considered dealers for state and local sales tax purposes.
The Louisiana Coalition for E-Fairness was formed by GNO, Inc., The Louisiana Retailers Association, and Stay Local in March 2014 and supports the passage of e-fairness level at the state and federal level.
About Greater New Orleans, Inc.
GNO, Inc. is the regional economic development organization for Southeast Louisiana. The GNO, Inc. Mission is to create jobs and wealth in the Greater New Orleans community. The GNO, Inc. Vision is for the Greater New Orleans region to fulfill its potential as one of the best places in the country to grow a company, and raise a family.
More information can be found at www.gnoinc.org.