Recent changes in economic nexus thresholds for Indiana and Wyoming:
- Indiana:
- Senate Bill 228 (S.B. 228) was enacted on March 13, 2024.
- Retroactively effective from January 1, 2024, Indiana simplified its economic nexus threshold by eliminating the requirement of 200 or more separate transactions.
- Under the amended statute, a retail merchant is now required to collect and remit the gross retail tax if their gross revenue from Indiana sales of tangible personal property, electronically transferred products, or services exceeds $100,000 for either the current calendar year or the preceding calendar year.
- Wyoming:
- House Bill 197 (H.B. 197) was enacted on March 8, 2024.
- Effective from July 1, 2024, Wyoming repealed its economic nexus threshold requirement of 200 or more separate transactions in a calendar year.
- Now, any seller of tangible personal property, admissions, or services with gross revenue exceeding $100,000 for either the current calendar year or the immediately preceding calendar year is obligated to collect and remit sales tax.
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