The world’s largest Internet retailer is now among the top 50 sales tax producers for the city of Richmond, according to City Manager Bill Lindsay.
In 2011, Amazon.com signed an agreement with the state of California to begin collecting sales taxes on purchases made by state shoppers in 2012. State tax officials reportedly said the new sales tax stream could bring in as much as $100 million the first year.
It seems to be helping out Richmond.
“Amazon.com has made it onto Richmond’s Top 50 sales tax producers for the local extra half-cent sale tax collected for Richmond by the state Board of Equalization,” Lindsay said in his latest weekly newsletter.
Below is the list for Richmond’s top 25 producers:
That boost is also helping Richmond enjoy a “steady growth” in sales tax revenue since 2009, Lindsay said.
Richmond saw a 6.3-percent increase in sales tax revenue for the third quarter of 2013 when compared to the third quarter of 2012.
Aside from Amazon, Lindsay noted that large retailers Target, Costco and Walmart drive a large portion of the sales tax revenue within Richmond’s General Retail category, which makes up 33-percent of the city’s sales tax revenue.
The city manager also noted a 6.7 percent increase in new auto sales in Richmond when comparing the third quarters of 2012 and 2013, and a 35.3-percent increase in used auto sales.
“Energy sales increased by 35.3-percent during the third quarter of 2013 in comparison to the same quarter of the prior year,” Lindsay added.
Quarterly updates are posted here.
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