CHEYENNE, Wyo. (KGWN) The largest online retail business is entering into a deal with the state of Wyoming. Starting this March Amazon will begin a voluntary sales tax collection on all purchases in Wyoming.
But it's hard to project how much revenue the tax would give the state or how much of a dent it would put in the budget crisis. According to a recent study - the total loss in revenue for Wyoming was nearly twenty-nine million dollars in 2012 alone.
Right now the deal it will only apply to amazon sales, but the legislature is considering a remote sales bill which would apply to all internet sales. A similar agreement is also happening in Nebraska.
Cheyenne mayor Marian Orr is applauding the agreement with Amazon calling it great news that helps to level the playing field.
"Small businesses aren't asking for special favors, but they do expect competition to be fair." she said, "This is a step in the right direction."