Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
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But though the new bill’s chances are better at getting passed with the bipartisan support, that’s far from a sure thing, says Daniel Schibley, a state tax analyst at CCH, a unit of Wolters Kluwer that publishes tax and business information. “Bipartisan support is no guarantee that this will actually advance,” he says, noting that past bipartisan bills have died and that last week a bipartisan group of several senators—including Sen. Ron Wyden (D, OR) and Sen. Kelly Ayotte (R, NH)—submitted a resolution calling for a ban on any new legislation mandating sales tax collection by Internet sellers. “There’s still a lot of opposition.”
Still, the fact that the bill introduced today would authorize states to mandate sales tax collection without having to sign onto the SST agreement could attract more support in Congress from members of states that so far have expressed no interest in joining the SST, Schibley adds.