Amazon (AMZN +15.8%) discloses in its Q1 10-Q it has settled a dispute with Texas over a $269M...

|By:, SA News Editor

Amazon (AMZN +15.8%) discloses in its Q1 10-Q it has settled a dispute with Texas over a $269M tax bill by agreeing to collect sales taxes as of July 1, and committing to create 2,500+ jobs and spend $200M+ in capex within the state over the next 4 years. Amazon previously offered to invest more in exchange for a 4-year tax exemption. The company has already struck tax collection deals with California, Virginia, and other states. (more on AMZN)