- States are evaluating the elimination of the 200 transaction part of their economic nexus threshold
- Iowa and Wisconsin repealed this provision in 2019 and 2021 respectively
- Indiana has passed legislation to drop this component effective retroactively for January 1, 2024
- South Dakota, Colorado, Washington, and more states have also removed the 200-transaction threshold
- This is good news for smaller remote sellers making sales into these states
- The trend follows Senate Finance Committee Testimony given by Diane Yetter in June 2022
- Streamlined Sales Tax Governing Board is encouraging member states to remove the 200-transaction threshold
- South Dakota is taking a leadership role in this effort and other states are encouraged to follow suit
Source: salestaxinstitute.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
