California Deal Would Force Amazon to Collect Sales Tax in 2012
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Amazon.com Inc. would drop a quest to exempt itself from collecting sales taxes in California and the state would forfeit about $200 million under an agreement that lawmakers must act on today if it’s to be adopted.
Seattle-based Amazon, the largest online retailer, agreed to abandon its planned 2012 referendum on Internet-sales taxes in exchange for a one-year break in levying the tax on purchases by California residents, state Senator Loni Hancock said yesterday.