California lawmakers vote 47-16 in favor of a law that would require online retailers with a...

|By:, SA News Editor

California lawmakers vote 47-16 in favor of a law that would require online retailers with a physical presence in the state to collect sales tax from residents. The tax could bring in as much as $83M a year, but could also lead to retaliation by online behemoths like Amazon (AMZN), Apple (AAPL) and eBay (EBAY).