Amazon’s California Sales-Tax Reprieve Is Approved by Brown

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California Governor Jerry Brown signed a bill in a compromise with Amazon.com Inc. that gives the world’s largest online retailer a one-year reprieve from collecting sales taxes on Internet transactions in the state.

In return, Seattle-based Amazon agreed to drop efforts to repeal the tax measure through a referendum drive that had cost it at least $5.25 million. The company and the state agreed to work together for a national standard on taxing online sales.