Amazon Begins Collecting Florida Sales Taxes for Internet Sales

Thursday, 01 May 2014 06:37 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Amazon.com Inc. today begins collecting sales taxes on purchases in Florida, adding the fourth most-populous state to the list of places where the world’s largest Internet retailer levies the charges.

The Seattle-based company last year agreed to collect Florida’s 6 percent sales tax as it builds two warehouses in the state. Amazon will collect as much as $80 million annually in levies, according to an estimate by the Florida Retail Federation, a business trade group based in Tallahassee.

Amazon now collects taxes in 21 states, including California, Texas and New York. Amazon doesn’t charge levies in states where it lacks a physical presence, such as as a warehouse.

Researchers at Ohio State University published a paper last month that said sales dropped in states where Amazon added the charge

The U.S. Supreme Court ruled in 1992 that retailers can be forced to collect a tax only in states where they have a physical presence.

 

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Transgendered People Likely to Be Permitted to Serve in Military

Wednesday, 27 Aug 2014 12:46 PM

The Obama administration and Department of Defense likely will take action soon to allow transgendered military personne . . .

Vermont Town Embroiled in Debate Over 'Bacon' Sign

Wednesday, 27 Aug 2014 12:35 PM

A Winooski, Vermont, restaurant is at the center of a social media firestorm for removing a sign touting its bacon after . . .

Obama Facing Push From Both Sides on Immigration

Wednesday, 27 Aug 2014 12:29 PM

Lawmakers from both sides are pushing President Barack Obama on immigration, with advocates pressuring him to use his ex . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved