About the Post

Author Information

Amazon is about to start collecting sales tax on Maryland orders

Reporter- Baltimore Business Journal

Amazon.com Inc. on Oct. 1 will begin collecting Maryland’s 6 percent sales tax on online orders, a practice that was expected to begin once the company established a presence in the state.

Customers purchasing items online from Amazon have avoided the sales tax because Amazon didn’t collect it. But once Amazon announced it would build a fulfillment center on Broening Highway in Baltimore, it became clear the sales tax collection would start — it was just a matter of when.

The state Board of Revenue Estimates estimates in December that Amazon’s sales tax collection would amount to about $50 million in new revenue annually. Including the increase from Amazon, the state projects it will collect $4.15 billion in sales taxes next year, a 5.2 percent increase.

Read full article here from Baltimore Business Journal

Advertisements

No comments yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: