Calif. state legislators OK online sales tax
Taxes Thursday, June 16th, 2011
From: bizjournals.com
California legislators approved a collection of online sales tax among their revenue efforts as they passed the state budget.
Sponsors estimate the tax could bring in $200 million a year by collecting taxes that consumers have been avoiding when they make online purchases.
Federal law says states can only tax companies with a physical presence in a state but the new California law applies to include companies such as Amazon.com that have “affiliates” in a state. Amazon has responded to similar moves in other states by ending use of affiliates in those locations where it would mean they had to keep track of and collect sales taxes.
To read more, visit: http://www.bizjournals.com/sanjose/morning_call/2011/06/state-legislators-ok-online-sales-tax.html
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