technology

01 Aug: STATEMENT: Best Buy® Welcomes the Introduction of National E-Fairness Legislation

MINNEAPOLIS, August 1, 2011 – Best Buy Co., Inc. (NYSE:BBY), a leading retailer of consumer technology, praised the introduction of the Main Street Fairness Act (S.F. 1452) that allows states the ability to require all retailers – including remote sellers – to collect sales taxes due.

The Durbin bill grants states with simplified sales tax codes the authority to apply sales tax collection obligations fairly to all sellers. Best Buy currently collects and remits sales taxes from consumers in all states that impose one, including sales made in store, by phone or online on www.bestbuy.com