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on Aug 22, 2009
Last June, both the State Assembly and Senate approved a budget containing an e-fairness provision, which would have clarified state law and required out-of-state online retailers with connections in the state via online affiliates to collect and remit sales tax. It was estimated that the provision would have raised $176 million per year for our cash-strapped state, but on June 30, Gov. Arnold Schwarzenegger vetoed the measure after online giants, including Amazon.com and Overstock.com, had threatened to de-list their affiliates in the state if the final budget contained the e-fairness provision. That's just in uncollected sales taxes on internet book sales.
Read the full story here Web Link posted Friday, August 21, 2009, 12:00 AM