2014

Shopping Center Industry Applauds The Passage Of Marketplace Fairness Act In The Senate

The Marketplace Fairness Act of 2013 Passes the U.S. Senate in a 69-27 Vote

WASHINGTON, May 6, 2013 /PRNewswire-USNewswire/ -- The International Council of Shopping Centers (ICSC) today applauded the United States Senate for the passage of The Marketplace Fairness Act of 2013 in a 69-27 vote. The bipartisan legislation gives states the authority to choose to require online sellers to collect sales taxes just like brick-and-mortar retailers already do. The bill, which provides a common-sense solution to a decades-old problem that has created a distorted marketplace, is designed to promote fairness and compliance, without burdening free enterprise.

"The shopping center industry would like to thank Senators Mike Enzi (R-WY), Dick Durbin (D-IL), Lamar Alexander (R-TN) and Heidi Heitkamp (D-ND) for their resolute dedication to moving this critical piece of legislation through the Senate," said Michael P. Kercheval, president and CEO of ICSC. "The Marketplace Fairness Act creates a fair marketplace that protects retailers, restores the states' ability to manage their own fiscal policies and strengthens the United States' free enterprise system."

Sixty-nine Senators from both parties voted in favor of S. 743, demonstrating the tremendous momentum for creating a fair, competitive marketplace. The bipartisan passage of the Marketplace Fairness Act sends a strong message to the House of Representatives, where a companion bill, H.R. 684, was introduced in February.

"For the past two decades, the retail environment has dramatically changed. To keep pace with those changes, our laws must evolve," said Betsy Laird, senior vice president of global public policy of ICSC. "The Senate acknowledged this through the passage of this legislation and we now look to the House to continue the momentum and bring H.R. 684 to a vote."

ICSC has promoted sales tax fairness for over a decade, advocating that a "sale is a sale" regardless of whether the purchase takes place on Main Street, at shopping centers, over the Internet or with a smart phone. For more information about sales tax fairness and how the current sales tax system is unable to support the 21st century retail marketplace please visit www.21stcenturyretail.org.

About ICSC
Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 58,000 members in over 90 countries include shopping center owners, retailers, developers, managers, marketing specialists, investors, and brokers as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information, visit www.icsc.org.

SOURCE International Council of Shopping Centers



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