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SC House approves Amazon.com tax deal

From: CNBC

South Carolina legislators voted Wednesday to welcome Amazon.com to the state with a sales tax exemption, after the online retailer upped the ante of jobs and investment.

The House voted 97-20 to give Amazon a five-year exemption from collecting sales taxes from online shoppers in South Carolina. The vote comes three weeks after the chamber voted 71-47 to reject the deal.

The online retailer sweetened the pot before the re-vote. To get the exemption, the company must create at least 2,000 local, full-time jobs with health benefits and invest $125 million by the end of 2013. That's up from 1,250 jobs and a $90 million investment. The company also pledged not to open a retail store in the state.

The Seattle-based company does not currently collect the taxes from South Carolina shoppers. Under the deal, it would begin doing so in January 2016.

"This will never really cost us more than what we're getting today, which is nothing," House Majority Leader Kenny Bingham, who represents Lexington County, said at the podium. "When we lose sight of what 2,000 jobs mean, we're really getting blind."