Texas Comptroller of Public Accounts Susan Combs and Amazon.com, Inc. have announced an agreement that will lead to the creation of thousands of new jobs in Texas by the online retailer.
According to the agreement between the Comptroller of Public Accounts and Amazon, the Company plans over the next four years to create at least 2,500 jobs and make at least $200 million in capital investments in the state and will begin to collect and remit Texas sales tax on July 1, 2012.
The agreement resolves all sales tax issues between Texas and Amazon, which had been ongoing since 2010 and led Amazon to close a distribution center in Irving last year.
“We thank Amazon for partnering with us to find a solution that works for our state,” Combs said in a press release. “This is an important step in leveling the playing field in Texas; however, Congress should enact federal legislation that will give states access to revenues that are already due, which would resolve this issue fairly for all retailers and all states.”
Amazon Vice President of Global Public Policy Paul Misener said in the press release: “Amazon looks forward to creating thousands of new jobs in Texas and we appreciate Comptroller Combs working with us to advance federal legislation. We strongly support the creation of a simplified and equitable federal framework, because Congressional action will protect states’ rights, level the playing field for all sellers, and give states like Texas the ability to obtain all the sales tax revenue that is already due.”
To read the full press release, go online to the Texas Comptroller's website, www.window.state.tx.us.