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States Eliminate Sales Tax Measures: Thresholds, Holidays, and Exemptions Repealed

  • North Carolina eliminated transaction thresholds for economic nexus, now only requiring $100,000 in sales annually
  • Several states have eliminated transaction-based nexus thresholds, with studies showing little effect on tax revenue
  • New Jersey repealed its annual sales tax holiday for certain items, as well as phasing out sales tax exemption on zero-emission vehicles
  • Vermont repealed sales and use tax exemption for remotely accessed prewritten computer software, now subject to 6% tax

Source: taxconnex.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.

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