Eliminates transaction nexus requirement under Sales and Use Tax and Corporation Business Tax.

Summary

The bill removes the rule that remote sellers and corporations must have 200 or more separate transactions in New Jersey to trigger tax liability. After the change, they will owe sales tax or corporation business tax only if their annual sales or receipts to the state exceed $100,000. This simplifies compliance and aligns tax obligations with the existing revenue test.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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