The NJ Daily Record published this story over the weekend regarding New Jersey Assembly Bill A-2608, a bill introduced in the state assembly last week that would exempt an online retailer (Amazon, perhaps?) from an obligation to collect and remit sales tax on online purchases made by New Jersey residents until September 1, 2013, provided that it satisfy a list of requirements. (The list includes items related to job creation and investment.)
My colleagues Allie Carlson and Jennifer Goldstein are closely following this issue in New Jersey.
The Daily Record piece focuses its attention on the impact of A-2608 on local retailers, including a bike shop in Marlboro and a bookstore in Manasquan. The article cites to a 2010 study conducted by the Edward J. Bloustein School of Planning and Public Policy at Rutgers University that found that sales made by out-of-state e-retailers cost New Jersey $171 million in sales tax revenue in 2009, and that by 2015, the state would lost $310 million in sales tax revenue to e-retailers.