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New York Economic Nexus Laws

The Department recently issued guidance to taxpayers stating that as a result of the U.S. Supreme Court's Wayfair decision, "certain existing provisions in the New York State Tax Law that define a sales tax vendor immediately became effective."


Specifically, N.Y. Tax Law § 1101(b)(8)(iv) includes in the definition of a vendor persons who are "regularly or systematically soliciting business in the state" that is defined as exceeding $500,000 of gross receipts from sales of tangible personal property made in the state and making more than 100 sales of property delivered into the state, in the immediately preceding four sales quarters.

 

If your business has nexus in New York, achieving and maintaining compliance is critical. TaxConnex can help. 

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