Search Results for: marketplace

Massachusetts Budget Includes Economic Nexus and Marketplace Liability Rules

[July 31, 2019] Massachusetts Governor Charlie Baker recently signed the 2020 Fiscal Year Budget which includes statutory language establishing a new economic nexus rule effective October 1, 2019. This new law replaces their existing “cookie nexus” standard with requirements emblematic of the national trend subsequent to the Wayfair Supreme Court decision.

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Ohio Legislature Passes Marketplace Legislation

[July 18, 2019] On July 17, 2019, the Ohio legislature passed House Bill 166, which among other provisions, enacts a requirement for marketplace facilitators to collect and remit sales and use tax on behalf of all sellers who use the marketplace when certain conditions are met.  Under House Bill 166, marketplace

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Wisconsin Enacts Marketplace Legislation

[July 8, 2019] Wisconsin recently enacted legislation requiring marketplace facilitators to collect tax on behalf of their marketplace sellers when certain thresholds are met. Marketplace facilitators must collect tax when they have 200 or more transactions or gross sales of more than $100,000 in the current or previous calendar year. The

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Maine Enacts Marketplace Facilitator Legislation

[July 1, 2019] Maine has recently enacted legislation requiring marketplace facilitators that meet certain sales thresholds to collect tax on behalf of their marketplace sellers. Marketplace facilitators must collect tax when they have 200 or more separate transactions or gross sales of more than $100,000 during the current or previous calendar

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Nevada Passes Marketplace Legislation

[June 17, 2019] Nevada recently passed bill A.B. 445 requiring marketplace facilitators that meet certain thresholds to collect tax on behalf of their marketplace sellers. Marketplace facilitators must collect tax when they facilitate Nevada sales by marketplace sellers of $100,000 or more, or when they facilitate 200 or more individual

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Vermont Enacts Marketplace Sales Tax Collection Requirements

[June 7, 2019] Vermont H. 536 was recently signed into law and requires marketplace facilitators that meet certain thresholds to collect tax on behalf of their marketplace sellers. Marketplace facilitators must now collect tax when they facilitate Vermont sales by marketplace sellers of $100,000 or more, or when they facilitate 200

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State by State: Marketplace Facilitator Tax Requirements Table

Marketplace Tax Liability Requirements Table Sovos has put together a marketplace facilitator sales tax collection requirements table to keep marketplace sellers informed of each state’s effective and pending remote sales tax collection legislation and responsibilities based on physical or economic nexus status. Contact Us for A Free Evaluation of Your

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Marketplace Facilitators to Collect and Remit Texas Sales Tax

[May 28, 2019] Effective October 1, 2019, marketplace facilitators selling into Texas are required to collect and remit Texas sales tax as retailers when they process sales for marketplace sellers. The law, which was signed on May 24, requires the marketplace facilitator to certify to each marketplace seller that the marketplace

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New Mexico Enacts Economic Nexus and Marketplace Sales Tax Rules

[May 22, 2019] With the passage of House Bill 6, effective July 1, 2019, the definition of “engaging in business” has been amended to apply to persons lacking physical presence in New Mexico provided they had at least $100,000 in taxable gross receipts from sales, leases and licenses of tangible personal

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Marketplace Facilitators to Collect and Remit Indiana Sales Tax

[May 8, 2019] Effective July 1, 2019, marketplace facilitators are required to collect and remit Indiana sales tax as retail merchants when they facilitate retail transactions for sellers. The recently-enacted law provides that a marketplace is considered a retail merchant if it does any of the following on behalf of the

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