Local

Amazon Gets Approval For Internet Sales Tax Referendum

View Comments
(AP)

(AP)

SAN FRANCISCO (AP) — Amazon.com Inc. said the California Attorney General’s Office has approved its petition for a referendum that would let voters decide whether to overturn a new law that forces online retailers to collect sales taxes in the state.

The law makes online retailers collect California sales taxes by expanding what it means to have a physical presence in the state. The requirement now kicks in if an online retailer has a related company, such as a marketing arm, or affiliates in California.

The law is projected to help California collect an additional $200 million annually. Amazon says its referendum aims to support jobs and investment in the state.

To bring its measure before Californians in the next statewide vote in February, Seattle-based Amazon must gather over 500,000 signatures by late September.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 56,778 other followers