WAYFAIR Update - States respond (PART TWO)
Imposing sales tax on remote sellers continues to come into focus as more states respond to the U.S. Supreme Court's decision, in South Dakota v. Wayfair, 17-494 (06/21/2018) establishing that a remote seller can create substantial nexus with a taxing state through economic and virtual contacts. Currently, more than half the states with a sales and use tax have implemented economic nexus standards. Remaining states such as New Jersey, South Carolina, Arkansas, Nevada, Texas, Florida and Tennessee have either proposed regulations or have indicated nexus policies are forthcoming.
While more states are moving toward and economic nexus standards, there is still a fair amount of uncertainty with respect to how remaining states will react to the decision. Contact SimekScott to discuss.