it is more than just about the tax.. amazon now calculates tax and it did nothing to our purchasing habits ... just that when we do price comparison we take additional tax into account.. the problem of brick and mortor store is that it doesn't worth the time and gas to pay a visit most of the time
The Minnesota House and Senate are both looking at applying sales taxes to internet sales. In Minnesota we like to spend, and we like to tax. They go together like peas and carrots. Or peanut butter and jelly. Or May and snowstorms.
I believe this was discussed last week on this board. Seems someone on the board farts and BBY goes up. Who knows what will happen if it passes. Like vincent said, should already be priced in but nothing makes sense with this stock.
It will have ammendments stuck to it if the GOP in the House even votes yes in any way. The Senate put off their vote til May 5 they are on vacation. That news is in the stock I believe. If it fails in the House let's see if BBY shares pullback or not.
It will eventually get through the Senate and then the House. However, impact will be minimal since the highest populated states like California and New York and several others already charge the state sales tax for on-line purchases.