U.S. Supreme Court Wayfair decision to have far-reaching implications for sales tax
Published June 21, 2018
The U.S. Supreme Court has just issued the sales tax opinion in Wayfair v. South Dakota. As anticipated, the decision upheld the South Dakota law related to economic nexus for the collection of sales tax (i.e. 200 or more transactions in one year or $100,000 in sales in one year).
The law is similar to what Kentucky just recently passed in HB 366. The U.S. Supreme Court has overruled Quill and thus, physical presence is NO LONGER required to impose a sales/use tax collection responsibility.