Summary
This document is a report that provides a general overview of each state’s economic nexus position concerning sales, income, franchise, and gross receipts taxes. It outlines that the information is not exhaustive and does not cover all potential nexus-creating activities or specific taxpayer situations, such as the implications of Public Law 86-272. The report highlights that nexus determinations are fact-dependent, and it advises consulting with a tax professional for appropriate application of the information. The document includes specific details about various states, including effective dates, sales thresholds, and requirements for remote sellers and marketplace facilitators. It also mentions that the law is subject to change and emphasizes the importance of verifying the current status of the information provided. The report aims to assist taxpayers in understanding their obligations under different state tax laws.
