The Supreme Court's recent decision in South Dakota v. Wayfair reversed 50 years of precedent in holding that the physical presence standard for sales tax nexus is unsound and incorrect. The Wayfair decision opened the door for states to impose economic nexus standards and left many questions unanswered.
In this 25-minute program, Reed Smith attorneys Jeremy Abrams and Michael Lurie and Indiana Commissioner of Revenue Adam Krupp answer some of those questions. In particular, Commissioner Krupp provides insights based on his experience in Indiana and conversations with other state tax administrators, and shares his thoughts on implementing economic nexus – including his views on retroactivity, the proper collection threshold, working with remote sellers on simplification, and the prospect of congressional action.
For our prior coverage of Wayfair, see They killed Quill. What's next?.
This article is presented for informational purposes only and is not intended to constitute legal advice.