The Seattle-based e-commerce giant reached a deal with state officials in February to begin charging sales tax. As part of the deal, Amazon agreed to open a $50 million distribution center in the state and in exchange, Connecticut won’t seek back taxes.
The state’s tax-free week eliminates Connecticut’s 6.35 percent sales tax on clothes costing less than $300.
Downloading e-books, music from iTunes, or apps for your phone could become expensive for folks in Connecticut.
The retailer also promised to spend $50 million to build an order-fulfillment center at an unspecified site and create hundreds of jobs.
The Division of Taxation made the decision in keeping with the intent of the original medical marijuana legislation signed by Gov. Jon Corzine in 2010, according to State Treasury spokesman Andy Pratt.
Are you looking for some good news on the economic front? You’ll find some on Long Island.
Connecticut’s annual sales tax holiday kicked off today. Clothing and shoes costing more than $300 are exempt from the six-percent state sales tax.
If you love the ease of shopping online, then you may not like a proposed federal regulation that could take a big bite out of your shopping budget
Looking for more information on Asa Aarons’ report on the possibility of taxes on online shopping?
Attention New York City shoppers: there’s no more sales tax and already “border wars” are underway. It turns out Long Island retailers are ready to rumble, as savvy buyers look to save.
The New York State sales tax exemption for clothing and shoes under $110 is back. Starting on April 1, 2012 customers will be paying four-percent less.
The state could expect up to $9.4 million a year in additional revenue if remote sellers, including Amazon, complied with the new law, according to an estimate by the General Assembly’s Office of Fiscal Analysis.
The budget approved in Connecticut is making a whole slew of things more expensive beginning Friday.
State commissioner of revenue services Kevin Sullivan says items like children’s clothing $50 and under and certain items at the drug store, like non-prescription drugs, will be taxed.
Paterson’s 3.5 percent sales tax – half of what most of New Jersey charges on taxable goods – has helped many families stay above water. Now, the special sales tax may be on the verge of elimination.