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Friday, May 4, 2012

Weekly Round-Up: The Beginning of the End for Amazon Laws?

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Amazon Laws took two major hits recently. Last week, an Illinois state court judge sided with the electronic marketing industry in its challenge to the state's so-called Amazon tax law, ruling April 25 that the law violates the Constitution and federal rules governing electronic commerce, Bloomberg BNA correspondent Michael Bologna reported.

Meanwhile, Colorado has appealed a ruling striking down as unconstitutional a reporting requirement imposed on out-of-state vendors that do not collect and remit state sales and use taxes, Bloomberg BNA correspondent Tripp Baltz reports in this week’s issue of the Weekly State Tax Report.

Even as these court decisions are coming down the pipeline, Nevada reached an agreement with Amazon “to begin collecting Nevada sales tax on purchases and to work together for immediate enactment of federal legislation that will address the needs of states, retailers and consumers by creating a simplified and equitable framework for sales tax collection,” according to a press release issued by Nevada Gov. Brian Sandoval’s office.

Amazon came to an agreement with Texas after the state played hardball with the online retail giant.

Amazon will begin collecting and remitting Texas sales tax on July 1, 2012, and over the next four years create at least 2,500 jobs, making at least $200 million in capital investments in the state, under the terms of an agreement announced by Amazon and Texas Comptroller of Public Accounts, Susan Combs, Bloomberg BNA State Tax Law Editor Christine Boeckel and Bloomberg BNA Correspondent Nancy J. Moore report in this week’s issue of the Weekly State Tax Report.

The agreement settled the audit efforts begun by the comptroller’s office in 2010, which was aimed at the collection of $269 million in back taxes from Amazon, Comptroller spokesman R.J. DeSilva confirmed in an April 30 email. Amazon had sued to block the efforts.

In other developments…

Register here for an upcoming webinar analyzing the results of Bloomberg BNA's 2012 Survey of State Tax Departments.

How Apple sidesteps billions in taxes, the New York Times reports.

D.C. moves to tax food truck sales; considers repealing discriminatory bond tax, Joseph Henchman at the Tax Foundation writes.

Transfer pricing assessment invalidated by DC ALJ, a new legal alert by Sutherland reports.

Compiled by Priya D. Nair
Follow us on Twitter at: @SALTax
Join BNA's State Tax Group on LinkedIn here: http://www.linkedin.com/groups?gid=1821701&trk=hb_side_g

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