Thursday, February 28, 2019

Virginia to tap online sales tax for Amazon incentive payments

Virginia could start squirreling away money to pay Amazon.com Inc. (NASDAQ: AMZN) as early as July 2020 — and its first $40 million in payments could come from the state’s internet sales tax revenue, according to the budget proposal set to come before the governor. That figure is only a fraction of what the state would pay to the Seattle e-commerce giant in the next dozen years, so long as Amazon creates a required number of jobs as part of its HQ2 campus in Arlington. But the state budget —…



from https://www.bizjournals.com/baltimore/news/2019/02/28/virginia-to-tap-online-sales-tax-for-amazon.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/183120572372

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