NM not likely to collect tax from Amazon
New Mexico has little chance of cashing in on a windfall of tax revenue from internet sales giant Amazon despite other states' success in getting the company to collect sales taxes. That's what the New Mexico Tax Research Institute's Richard Anklam tells the Santa Fe New Mexican. Anklam says unless Congress acts to change federal laws, none of the factors allowing other states to collect taxes affect New Mexico. Pennsylvania, Texas, Washington, Kansas, New York and North Dakota are collecting sales taxes on their residents' Amazon purchases. California will begin receiving money from sales beginning Saturday. Internet retailers only have to collect sales taxes if they have a physical presence in a state. Amazon agreed to collect taxes in California partly because it is opening a distribution center there.
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