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Tax Law

Louisiana Senate to Consider Marketplace Seller Identification Bill

Louisiana S.B. 476 has will be introduced for debate and vote in the state senate. The bill would require online marketplaces to obtain identifying information of “high-volume third-party sellers.” A third-party high-volume seller is a seller that makes 200 or more sales per year resulting in $5,000 or more in gross revenue. The required identifying information includes bank account information, government-issued identification for an individual representative, government-issued contact information records, and a tax identification number. Online marketplaces would additionally be required to require high-volume third-party sellers to include basic identifying information on consumer product listings and verify that intellectual property is not being infringed. An online marketplace’s failure to comply with the identification requirements would be penalized as a violation of the state’s Unfair Trade Practices and Consumer Protection Law. If passed, the bill would become effective August 1, 2020.