Sporting Goods Tax Changes: New Rules for Online Marketplaces
This act changes how excise tax on sporting goods is collected. Online marketplaces that facilitate sales and collect payments for imported goods will now be treated as importers and sellers, making them responsible for paying the tax. This aims to simplify tax collection from foreign manufacturers selling goods in the U.S.
Key points
Online marketplaces (e.g., auction sites, online stores) will be responsible for excise tax on imported sporting goods if they facilitate sales and collect payments.
The change applies to sporting goods brought into the U.S. from outside, where the manufacturer is not also the marketplace provider.
New rules will take effect 60 days after enactment, impacting sales in subsequent calendar quarters.
Status:
Introduced
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