Amazon Enters Agreement to Collect Sales Tax in Texas

Amazon has entered into an agreement with the state of Texas to begin collecting and remitting Texas sales tax on July 1, 2012. Under the agreement, Amazon plans over the next four years to create at least 2,500 jobs and make at least $200 million in capital investments in Texas. The agreement resolves all sales tax issues between Amazon and the state. Both Amazon and the state showed support for the enactment of federal legislation to resolve the tax collection issue on a national level. Click here to see our previous news item on Texas’s affiliate nexus bill. (News Release, Texas Comptroller of Public Accounts, April 27, 2012)

Posted on May 21, 2012