* While Alaska does not have state sales tax, some cities have economic nexus rules. Contact an expert for help understanding the implications.
* Florida recently passed an economic nexus rule with a threshold of $100,000 effective July 1, 2021.
* Missouri recently passed an economic nexus rule that will go into effect in 2023.
* Kansas recently updated their economic nexus threshold to $100,000 effective July 1, 2021. Previously, any transaction into the state carried economic nexus implications.
Please note, this does not constitute a full economic nexus analysis. While the rules are similar in each state, there are differences in threshold periods and what is included in the thresholds (retail sales, marketplace sales, exempt sales, wholesales). In addition, there are other forms of nexus to consider, such as physical nexus and affiliate nexus.
If you have more than five states where you are not compliant or are unsure of your liabilities, schedule your free, 30-minute consultation with one of our experts to review possible risks and strategies to improve your compliance processes in the future!
