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Business groups endorse Internet sales tax legislation

The Florida Chamber of Commerce, Florida Retail Federation, Associated Industries of Florida and Florida TaxWatch have banded together to endorse closing the online sales tax loophole. They want Florida lawmakers to follow Congress's lead by considering legislation that would require online remote retailers, such as, to charge sales tax.

"We are glad to see the Congressional legislation move forward and would hope that our state Legislature will take up the issue during this upcoming 2014 legislative session to ensure that we collect the revenues that are lawfully and rightfully owed to the state of Florida," said TaxWatch president Dominic Calabro.

The business groups held a joint press conference today to endorse a nationwide study that concluded Internet sales tax revenue would be a boon to states. In Florida, the report says, closing the loophole would create 10,474 new jobs and $34.9 billion in additional economic growth.

Click here to read the Times' article about the study.

Click here to read the entire report funded by the national Marketplace Fairness Coalition.