The Remote Transactions Parity Act (RTPA) introduced by House Judiciary Committee member Jason Chaffetz (R-UT) this week would stall the growth of e-commerce, favor big box stores over remote sellers, and be costly and complex to boot, according to a coalition of organizations called True Simplification of Taxation, or TruST. “Chaffetz came out with this ‘new and improved' version of his earlier bill, and it's not any better than the original and probably worse,” says Hamilton Davison, executive director and president of the American Catalog Mailers Association, a coalition member along with the Direct Marketing Association, the Electronic Retailing Association, and NetChoice. Chaffetz's version 2.0 has “no limit on audits and empowers 48 state tax administrations to audit any business anywhere,” continues Davison. “It requires businesses to track rates and rules in 9,600 taxing jurisdictions. It's like asking a brick-and-mortar store to ask every customer for a driver's license and then taxing her what the rate is where she lives.”
It’s been 100 years since J. C. Penney Company, Inc. (NYSE:JCP) said howdy to the great state of Texas, and the Company is fixin’ to celebrate its rich legacy in the Lone Star State. The Company will commemorate a century of serving Texas customers on March 31 with a special anniversary ceremony at its location in Wichita Falls – the same city founder James Cash Penney made his first foothold in the state 100 years ago.
“James Cash Penney was a retail trailblazer during the early 20th century, expanding his Company across the country at a rapid clip to provide the best products and highest levels of service to hard-working Americans,” said Joe McFarland, executive vice president of stores. “He operated his business based upon the Golden Rule of treating customers as he would like to be treated, and this guiding principle still resonates with Texans today. We’re proud to return to our roots and celebrate the occasion with our customers and associates in Wichita Falls and Texas.”
During the early 1900s, the J.C. Penney Company was swiftly expanding across America. With 120 store locations serving customers in thriving downtown locations across multiple states, Penney opened an additional 50 store locations in 1917 – five located within Texas. The timing of these store openings was particularly precarious, as the United States was preparing to enter World War I. Penney persisted in his vision of serving customers in additional markets despite the war, opening 20 more locations across the U.S. in 1918.
Four of the five stores that opened in Texas 100 years ago – Abilene, Paris, Temple and Wichita Falls – are still operating within their original communities today at alternate locations. After World War II, the Company followed its customers from downtown shopping districts into sprawling suburbs, and later into regional shopping malls, as society and shopping patterns evolved. Today, Texas is home to 90 JCPenney stores and the Company’s Home Office, which relocated to Plano from New York City in 1988.
To honor the Company’s centennial in Texas, the state’s legislature is composing a concurrent resolution that would recognize the retailer’s historic milestone. The resolution, which requires passage by both the Texas senate and house of representatives, salutes JCPenney for serving customers, creating jobs and contributing to the vitality of the Texas retail industry. The resolution also extends best wishes to the Company and its associates for continued success.