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Amazon nears a tax deal with South Carolina

Discussion in 'Amazon' started by vagrant, Jun 7, 2011.

vagrant Peon

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Amazon nears a tax and warehouse deal with South Carolina

South Carolina legislators, reversing an earlier decision by the state House of Representatives, have approved a deal with Amazon.com Inc. that grants the worldâ€™s largest online retailer a 5-year exemption from collecting sales tax on purchases by South Carolina residents. As part of the deal, Amazon has agreed to bring about 2,000 jobs to the state and invest at least $125 million in its planned distribution facilities by the end of 2013, according to a spokeswoman for the South Carolina Department of Revenue.
The House this week voted 90-14 to approve the deal, following amendments to the agreement worked out by both the House and Senate. The matter is now before .....
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full story @ http://www.internetretailer.com/2011/06/03/amazon-nears-tax-and-warehouse-deal-south-carolina

vagrant, Jun 7, 2011 IP

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