New Jersey Fast Tracks Economic Nexus Bill

July 6, 2018 Erik Wallin

On July 1, 2018, just 10 days after being introduced, the New Jersey Legislature (both houses) passed Assembly Bill 4261 which will require remote sellers with over $100,000 in sales or 200 or more separate transactions in the current or prior calendar year to collect and remit sales and use tax. Bill 4261 has the same threshold amounts as those in the South Dakota bill at issue in South Dakota v. Wayfair Inc. This bill also contains provisions requiring certain marketplace facilitators to collect and remit sales tax.       

Assembly Bill 4261 still requires the Governor's signature but has a prospective effective date of October 1, 2018. The full text of the bill can be found here.

About the Author

Erik Wallin

Erik Wallin is a Senior Tax Counsel on the Tax Research Team at Sovos Compliance. Erik has been with Sovos Compliance since 2011, and his main areas of focus are on U.S. Transaction Tax Law which includes special expertise in the taxation of technology and the taxation mechanisms that apply throughout the Colorado home rule jurisdictions. Erik is a member of the Massachusetts Bar, has a B.A. from York College of Pennsylvania, a J.D. from New England School of Law, and an LL.M. in Taxation from Boston University.

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