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Amazon to collect sales tax—and build two DCs—in New Jersey
New York -- Amazon.com Inc. will begin collecting 7% sales tax from New Jersey residents starting in July 2013. The online giant announced the agreenment on Wednesday at the Statehouse in Trenton, N.J. It also announced it will build two distribution centers in New Jersey.
Each warehouse will measure about one million square feet. The centers will create a projected 1,500 full-time jobs and would enable the state of New Jersey to collect an estimated $30 to $40 million in tax revenue.
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Extra Inventory? Donate it
By Gary C. Smith, NAEIR.org
When Children’s Wish Foundation International, an Atlanta-based charity, hosts scrapbooking or craft parties for children in the hospital, it turns to a gifts-in-kind organization and its catalog of donated merchandise for supplies. The two organizations then coordinate shipments of stuffed animals, Halloween costumes, craft materials, toys, videos and other items to hospitals to help fulfill the wishes of children in need.