Tax Law Updates | New Proposed Legislation
February 22, 2010
CA Senate Shores Up Revenues with Passage of Tax Bill on Online Retailers Like Amazon.com
An act to amend Sections 31 and 7145.5 of the Business and Professions Code, and to amend Sections 6203, 19116, 19504, and 19777
ABX8 8, 2/18/2010
The California State Senate has passed legislation that requires online retailers like Amazon.com and Overstock.com to collect taxes from its customers as part of a massive government effort to shore up revenues in the face of a $20 billion budget short fall.
By way of background, New York launched the effort with a law that took effect in 2008. North Carolina and Rhode Island have passed similar laws; other proposals have advanced in the statehouses of Virginia, Illinois, Colorado and Hawaii. (See Los Angeles Times, February 20, 2010, pp. AA1 and AA5).
The Democrats who control California’s Legislature plan to put…
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View a PDF of the proposed legislation
