Indiana reached an agreement with Amazon.com on the collection of Indiana sales tax on internet purchases, a press release issued by Governor Mitch Daniels states.
Under the agreement, “the company will voluntarily begin to collect and remit Indiana sales tax beginning January 1, 2014 or 90 days from the enactment of federal legislation, whichever is earlier,” the release provides, indicating that the “state will not assess the company for sales tax for other periods.”
In an interview with Jeremy Hobson at NPR's Marketplace Business, Daniels said that it was difficult to reach the agreement with Amazon. “It took a while to work out, but they were very cooperative. Deals aren't that hard when both parties start from the same premise and we do -- namely that the sales taxes that they impose ought to be paid, and paid by everybody equally and collected by everybody in the retail business,” Daniels states in his interview with Hobson.
The impact of the news is already evident. Simon Property Group Inc. had filed a complaint against the state last November over this issue and said it will dismiss the complaint in light of the announcement, BNA correspondent Nora Macaluso writes in her story covering this development.
Jeremy Hobson’s complete interview with Indiana Governor Mitch Daniels can be found here.
In other developments…
Alston & Bird LLP issues a new advisory on Delaware’s new proposed regulations on unclaimed property.
Reed Smith issues a client alert on Delaware’s new proposed regulations on unclaimed property.
Third Circuit addresses important unclaimed property issues and confirms New Jersey's "Third Priority Rule" is invalid, a new client alert by Morrison & Foerster LLP provides.
Morrison & Foerster LLP releases its January 2012 edition of New York Tax Insights.
Nick Kasprak, of the Tax Foundation issues a new report: States Vary Widely in Number of Taxpayers Deducting State or Local Sales Taxes.
Minnesota Governor Mark Dayton unveils $775M jobs bill, Jennifer Brooks, of the Star Tribune, 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
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)