Indiana and Amazon.com Agree to Sales Tax Deal
Indiana’s Department of Revenue estimates the state will generate an additional $20-to-$25-million because of a new deal.
Amazon.com agreed to collect Indiana sales taxes for purchases made through the online retailer.
Paul Meisner is the company’s Vice President of Global Public Policy.
He says the next step is the Federal Government taking similar action.
The state DOR reports Indiana loses about $75-million annually by not collecting online sales taxes.
The deal with Amazon begins in two-years, unless a federal law takes effect sooner.
Currently, internet retailers without a physical presence in a state do not have to collect the tax.