State of Idaho Shows No Revenue Spike from Amazon Deal
Remember a few months ago when it was revealed that the State of Idaho and Amazon had come to an agreement to collect tax on purchases? It's not making a big impact.
Idaho economists report that revenue did not spike during the first month of collecting tax on Amazon internet purchases. The retailer had announced that it had reached a deal with our state to start collecting taxes, and at the time, some lawmakers noted that the new program could potentially end up boosting revenues significantly.
The Division of Financial Management reported that sales tax collection was up only .8 percent than originally forecast.
For more on this, check out LocalNews8's story, HERE.