Sales Tax Economic Nexus Update

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California and DC recently joined 34 other states and passed legislation which will now require out-of-state retailers to collect and remit sales tax if the sales or the number of transactions in the states exceed certain thresholds in the preceding or current calendar year. California and DC will enforce the sales tax collection requirement beginning April 1, 2019 and January 1, 2019, respectively. Therefore, if you are making sales (either retail or wholesale) in a multi-state regime and you’d like to see how the sales tax economic nexus will impact your business, please contact your tax advisor or Faith Gorman, Director – State & Local Tax, at [email protected] or 561.886.5286 or Joanna Zhang, Tax Supervisor at [email protected] or 561.886.5255.

Meanwhile, other popular states like NY and TX all had proposed sales tax economic nexus legislation and are currently going through the process of modifying and passing the regulations. We will continue monitoring and keep you informed on any updates for those states.

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