Amazon to bring jobs, invest $200M in Texas
Amazon settles sales tax dispute with Texas
SAN ANTONIO - In a settlement to resolve a sales tax dispute with the State of Texas, Amazon.com promised to invest $200 million in Texas and bring at least 2,500 jobs.
Amazon has not identified a location in Texas to make the investment, but already has a distribution center in Irving, Texas.
San Antonio business leaders are hoping to convince the online retailer to make a significant investment in the Alamo City.
Mario Hernandez, President of the San Antonio Economic Development Foundation, said he and area business leaders hope to sit down with Amazon representatives and make a pitch.
"San Antonio sells itself. We're going to have the kind of strength in the key location factors that Amazon will be looking for, whether it's a back office or a distribution facility. We're going to be very competitive," said Hernandez.
Hernandez said one remaining obstacle is that the state lacks specific sales tax guidelines for online retailers.
Amazon's settlement with the state includes a provision that requires the company to collect sales taxes in Texas, but it's unclear whether other online retailers with a presence in Texas will have to do the same.
"Amazon is a key player in internet sales, and you want to project a friendly environment for someone like them," Hernandez said.
In 2010, State Comptroller Susan Combs sent Amazon a bill for $269 million in unpaid sales taxes.
Amazon sued the state, and the current agreement between the two entities is the resolution of that lawsuit.
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