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

This bill would change how sales and use taxes are applied to businesses. Currently, businesses without a physical presence in the state must collect sales tax if they have over $100,000 in sales or 200 separate transactions into the state. This bill would remove the 200 separate transactions threshold, meaning businesses would only need to meet the $100,000 sales threshold to be required to collect sales tax. The bill also makes a similar change for the Corporation Business Tax, removing the 200 separate transactions threshold for determining if a corporation has substantial nexus with the state.

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