Amazon seals sales tax deal with Texas

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The deal would delay for a year the requirement that out-of-state online retailers start collecting sales taxes on purchases by Californians.

Amazon has struck a deal with lawmakers that will give the company one more year before it must start collecting sales tax on purchases made in California.

In a provisional agreement, Amazon agreed to start collecting sales tax a year from now.

(Reuters) - Sales tax from Internet commerce, a prize pursued for years by U.S. state governments, is starting to arrive in California and a few other states, providing millions of dollars in new revenue, though not as much as a benchmark study once forecast.

By Paulo Santos:Three things tell us that the Street has changed its mind regarding Best Buy (BBY). These are:

By Paulo Santos:In a Reuters piece today, we got further confirmation of something I've been saying all along: That sales taxes matter, and Amazon.com (AMZN) is going to see an effect from having to collect them.

ByJeff Binkley:A story out of Indianapolis reported Wednesday that the Indiana House Ways and Means Committee may vote as early as next week on a bill to move up the effective date of a sales tax deal Amazon (NASDAQ: AMZN) struck with former Indiana Governor Mitch Daniels.