©2018 by The Sales Tax Team.

 
  • Mason Jordan

January '19 Economic Nexus Introductions

On January 1, 2019, five states will be enacting and immediately imposing economic nexus standards. Georgia, Iowa, Nebraska, Utah, and West Virginia are implementing and enforcing economic nexus standards. At a high-level, here is an explanation of each state's economic nexus thresholds.

Georgia - Companies with gross sales of $250,000 or greater during the previous or current year have established economic nexus. These companies may elect to collect and remit tax OR comply with state’s use tax notice and reporting requirements.

Iowa - Companies with gross sales of $100,000 or greater OR 200 individual transactions in Iowa during the previous or current calendar year have established economic nexus. These companies must register to collect and remit sales tax.

Nebraska - Companies with gross sales of $100,000 or greater OR 200 individual transactions in Nebraska during the previous or current calendar year have established economic nexus. These companies must register to collect and remit sales tax.

Utah - Companies with gross sales of $100,000 or greater OR 200 individual transactions in Utah during the previous or current calendar year have established economic nexus. These companies must register to collect and remit sales tax.

West Virginia - Companies with gross sales of $100,000 or greater OR 200 individual transactions in West Virginia during the previous or current calendar year have established economic nexus. These companies must register to collect and remit sales tax.