Many states have started making changes to how they collect and remit state and local sales tax following the South Dakota v. Wayfair, Inc. decision. However, the New York economic nexus changed more quickly than others. New York made its enforcement date June 21, 2018 – the same day as the Wayfair ruling. The state also initially set its sales threshold at $300,000, but has since adjusted that to $500,000. Below, we outline some of the larger points to New York’s sales and use tax nexus guidance.
Source: SOVOS
