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Business

California governor says thumbs down on Net taxes

California Gov. Gray Davis vetoed an Internet tax bill Monday that sought torequire retailers with stores in the state to collect taxes foronline sales, saying he did not want to stifle e-commerce.
Written by ZDNET Editors, Contributor on

California Gov. Gray Davis vetoed an Internet tax bill Monday that sought to require retailers with stores in the state to collect taxes for online sales, saying he did not want to stifle e-commerce. The measure would have added $14 million annually to California sales tax revenues. Full story. -- Sergio G. Non, ZDNet Inter@ctive Investor

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