Will the new Amazon warehouse affect your state sales tax?
It will, if like me, you live in New Jersey... sigh Well, I guess it's supposed to be "good for the state".
Amazon.com Inc. (AMZN), the biggest online retailer, will begin collecting sales tax from New Jersey residents next year under an agreement with Governor Chris Christie’s administration, a state lawmaker said.
Senator Raymond Lesniak, a Democrat from Elizabeth sponsored legislation that would have suspended sales-tax collections through June 2013 as long as Amazon made a capital investment of at least $130 million and hired no fewer than 1,500 full-time workers. That bill failed to pass the Democratic-controlled Legislature after some lawmakers raised concerns about giving Amazon the tax breaks.
Under the deal with Christie, Seattle-based Amazon will start collecting sales tax as of July 1, 2013, on orders placed by New Jersey residents through its website, and will seek state financial help if it chooses to open a warehouse in the state, Lesniak said.