BOSTON (TheStreet) -- Amazon.com (AMZN) is offering to open a distribution center and bring 7,000 jobs to California is exchange for a reprieve from a new Internet sales tax law until 2014, according to a report by The Sacramento Bee
Amazon made the proposal in a meeting late Tuesday with legislative staffers, The Sacramento Bee reported Thursday, citing sources with knowledge of the offer. Amazon wants a reprieve from the new law, which requires online retailers to collect taxes from California customers, until sometime in 2014.
Amazon has refused to collect the tax on orders made by California customers and has pushed for a ballot-box showdown in California next June. Democratic leaders are pushing for a stronger bill of the Internet tax that Amazon would be unable to challenge, The Sacramento Bee notes.
Amazon has used the threat of new jobs with varied success in other states in order to avoid collecting the Internet sales tax. The company has struck separate deals in South Carolina and Tennessee to avoid taxes but must create jobs. In Texas, however, Amazon closed a distribution center after the state passed an online sales tax bill.-- Written by Robert Holmes in Boston.
>To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV