Thursday Must Read: Amazon.com Offers to Back Off Ballot Measure; Fremont Solar Company Closes Despite $500 Million Federal Loan

Stories you shouldn’t miss:

1. Amazon.com offered to scuttle its proposed ballot measure that would overturn California’s new online sales tax law in exchange for building six distribution centers in the state that would employ 7,000 workers, the SacBee reports. Amazon also asked legislators yesterday to delay implementation of the new sales tax law until 2014. But Democratic leaders and brick-and-mortar retailers appeared to be unimpressed with Amazon’s offer, and instead are pushing forward on a bill by Berkeley Senator Loni Hancock that would make it impossible for the online giant to overturn the sales tax law at the ballot box.

Hancock

  • Hancock

Amazon apparently realizes that Hancock’s bill likely will pass the legislature and that it’s ballot measure drive will be blocked by the new law.

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