Amazon.com Coming to NJ?
Amazon.com, the world’s biggest online retailer, is in talks to bring two warehouses to New Jersey.
The deal could bring 1,500 or more full-time jobs to a state where unemployment has hovered around 9 percent. State Assembly Democratic Leader Lou Greenwald has been involved in the talks. He says Amazon is seeking a 22-month sales tax holiday.
The Seattle-based online retailer is not required to collect the 7 percent state sales tax for purchases like brick-and-mortar retailers do. That led to what Greenwald and others believe is an unfair advantage for Internet-based sellers.
New Jersey stands to collect $200 million or more a year in sales taxes if Amazon locates there, after its exemption ends. Amazon spokesman Braden Cox declined to comment.
(Copyright 2012 by The Associated Press. All Rights Reserved.)