I hope the bill gets voted down tomorrow.
August 30, 2010
Overstock.com values your advertising efforts, and hopes to be in a position to continue our business connection for years to come. However, as we notified you in February, there is a measure under consideration in California, likely to be voted on tomorrow, which, if it passes, will likely result in the termination of our business connection. We are urging you to contact your Senator in the California Legislature immediately to oppose the affiliate nexus tax.
By tomorrow the California Senate will have to consider the new tax, which appeared in the Assembly's final budget proposal as AB 1625 (Section 1), or it will die for this year. In order to pass, AB 1625 needs a 2/3 majority vote. Its chances of passage are unclear; consequently, your efforts in opposition will be highly effective.
Last year the Governor vetoed a similar measure, and we are told that the Governor has not altered his position on this new tax; however, despite this, we are concerned about last minute political compromises.
You will find information on how to contact your State Senator at this location on the Performance Marketing Association's website. ALERT: California Legislation Could Devastate Affiliates - PMA California Advertising Tax | Google Groups
Please waste no time in contacting your Senator today to oppose the affiliate nexus tax.
Jonathan E. Johnson III
President Overstock.com, Inc.
I make most of my income from Amazon and if this Bill passes I'll have to incorporate in Nevada or something.