New jobs, but New Jersey has to pay sales tax
We have some bad news for people who like to shop on Amazon.com in New Jersey. The giant retailer is out to build two huge distribution centers within New Jersey that Governor Chris Christie says will bring 1500 new full-time jobs to the area. The downside is, with the physical presence in New Jersey the company will have to start charging sales tax. The state sales tax for New Jersey is 7%.
Before you get too angry about the new distribution centers coming to New Jersey, apparently Amazon.com is going to have to charge sales tax whether its distribution centers are built within the state or not. Online retailers not having to charge sales tax in states where they don't have a physical presence has been a sore point for both cash-strapped states and retail stores.