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TheStreet Open House

Amazon Sales Tax: The Battle, State by State

New Mexico

New Mexico introduced a bill that would establish an affiliate nexus tax on online purchases.


Missouri

Missouri lawmakers are renewing the call for an Internet sales tax, filing bills to have the state join the Streamlined Sales and Use Tax Agreement. Representatives are also looking to change and simplify its tax rules requiring Internet companies to charge state and local sales taxes on online purchases.

The House Tax Reform Committee heard public testimony on these bills in February 2011.

If passed, Missouri could gain $210 million in 2012, according to a 2009 University of Tennessee study.


Minnesota

Minnesota lawmakers are considering a bill to require Internet retailers/affiliates to pay tax on online sales.

Since the state is home to two big-box retailers -- Target (TGT) and Best Buy (BBY) -- Janney Capital Markets analyst, David Strasser, foresees few objections.

--Written by Jeanine Poggi in New York.



>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to http://twitter.com/jpoggi.

>To submit a news tip, send an email to: tips@thestreet.com.

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