For all of us living here in Minnesota, today, Sept 30, 2014 is going to be our last day to make purchases via Amazon.com without paying Minnesota sales tax. The on-line retailing giant has announced that effective October 1st, they will be collecting Minnesota sales taxes on purchases made by Minnesota residents. Amazon has not stated any reason for the change.
Under Minnesota law any business with a "physical presence" in Minnesota is required to collect sales tax on sales to customers in Minnesota. The rate of sales tax in Minnesota is 6.875%.
I am old enough to remember when it was zero and then became 3%.
- Mark S Gleason CPA
www.lakes-cpa.com
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