Amazon to begin tax collection in 2014
NASHVILLE, Tenn. (AP) - A proposal that implements a deal Gov. Bill Haslam made with Amazon.com has been signed into law by the Republican governor.
Haslam and the Seattle-based online retailer agreed to a deal last year over collecting sales taxes on goods sold in Tennessee.
The measure allows Amazon to begin collecting the tax in 2014, which is expected to generate $22.8 million for the state and $9.6 million for local governments.
Amazon currently has a distribution facility in Chattanooga that employs 1,700 people.
The company also employs 400 people in Bradley County and plans to build in Rutherford and Wilson counties.
Online: Read HB2370 at http://capitol.tn.gov.
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