[June 28, 2019] On June 26, 2019, the governor of Connecticut signed HB 7424 into law, thereby decreasing Connecticut’s economic nexus threshold from $250,000 to $100,000. Effective July 1, 2019, Connecticut will require out-of-state retailers to collect and remit sales tax if they had gross receipts of at least $100,000 and made 200 or more retail sales into Connecticut during the preceding twelve-month period. Additionally, the legislation removes the requirement that out-of-state retailers must be regularly or systematically soliciting sales in Connecticut in order to be obligated to collect sales tax.
To view HB 7424 in its entirety, please click here.
