Amazon to begin tax collection in 2014 - WRCBtv.com | Chattanooga News, Weather & Sports

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.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly