ChamberSTL Hosts Wayfair Internet Sales Tax Webinar
ChamberSTL, the public policy initiative of Greater St. Louis, Inc., recently hosted a virtual webinar on the Wayfair internet sales tax legislation making its way through the Missouri General Assembly.
Missouri remains one of only two states in the nation without a mechanism to collect internet sales tax from out-of-state sellers, commonly referred to as the “Wayfair Fix.” This unfair treatment places Missouri businesses at a distinct disadvantage. As the volume of online sales continues to grow, accelerating even faster during the pandemic, the disparity between our state’s small businesses and out-of-state sellers will widen. Passing the Wayfair Fix this legislative session is essential to keeping Missouri businesses on a level playing field with out-of-state competitors.
ChamberSTL was joined by business, civic, and government leaders who voiced their support for the Wayfair Fix, each bringing a unique perspective to the debate:
- Amy Blouin, President & CEO of the Missouri Budget Project, highlighted the impact Wayfair could have on the state’s budget.
- Dan Mehan, President & CEO of the Missouri Chamber, emphasized that passing a Wayfair internet sales tax is important for small business growth in Missouri.
- Missouri State Senator Andrew Koenig (R-Ballwin), the sponsor of the Senate Wayfair bill, gave investors an inside look on the debate happening between the different House and Senate Wayfair bills.
- Missouri State Senator Lauren Arthur (D-Kansas City), also a Wayfair bill sponsor, expressed her support for including an Earned Income Tax Credit (EITC) in the Wayfair Fix.