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Friday, April 18, 2014

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Amazon sales tax to add $80M annually to Florida

Physical locations in state mean virtual retailer subject to levy
April 17, 2014 05:15pm

Miami-Dade County’s tax base (and Broward county) is about to get a boost from Amazon, which recently announced it will begin collecting sales tax from Florida’s online shoppers starting May 1.

The move comes as the e-commerce giant gears up to open its new 1.1 million-square-foot warehouse in Hillsborough County and two “fulfillment” centers along the Interstate 4 corridor, the Miami Herald reported. The company’s decision was likely prompted by a state law requiring stores with a physical presence to collect such taxes, according to the Herald.

The Florida Retail Federation predicts the tax will garner at least $80 million in revenue, the article said.



Posted at 11:35:30 AM
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