Jewelers of America Applauds Introduction of Sales Tax Fairness Bill in House

Finance and Trade
17/06/2015 10:40

Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, welcomes congressman Jason Chaffetz’s introduction in the U.S. House of Representatives of the Remote Transactions Parity Act (RTPA) and supports bipartisan efforts to pass e-fairness legislation. JA has led the fight for sales tax fairness in the jewelry industry. If passed, the legislation would close an Internet sales tax loophole that has hurt traditional jewelry businesses. Currently, brick-and-mortar businesses collect sales and use taxes from customers who make purchases in their stores, but many online and remote retailers do not. “The introduction of sales tax fairness legislation in the House is a key moment in the fight to level the playing field for brick-and-mortar jewelers,” says JA president and CEO David J. Bonaparte.