©2018 by The Sales Tax Team.

 
  • Mason Jordan

November '18 Economic Nexus Introductions

On November 1, 2018, ten more states will be enacting and immediately imposing economic nexus standards. Nevada, New Jersey, North Carolina, South Carolina, and South Dakota’s economic nexus standards are going into effect. At a high-level, here is an explanation of each state's economic nexus thresholds.

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

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

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

South Carolina - Companies with gross sales of at least $100,000 in South Carolina during the prior calendar year have established economic nexus regardless of the number of individual transactions. These companies must register to collect and remit sales tax.

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