Texas Comptroller of Public Accounts Susan Combs and Amazon.com Inc. (AMZN: Quote) announced an agreement that will lead to the creation of thousands of new jobs in Texas by the online retailer.
As per the deal, 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.
Susan Combs said that the agreement resolves all sales tax issues between Texas and Amazon.
"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," said Combs.
"Amazon looks forward to creating thousands of new jobs in Texas and we appreciate Comptroller Combs working with us to advance federal legislation," said Amazon Vice President of Global Public Policy Paul Misener.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org