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NJ Bill to eliminate transaction nexus req. for Sales Tax and Corp Biz Tax

fastdemocracy.com
1 pointmgav2 comments
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mgavOP

Excerpt: a seller who makes a retail sale of tangible personal property, specified digital products, or taxable services for delivery into the State and who does not have a physical presence in the State shall be subject to the tax imposed under the "Sales and Use Tax Act," … and shall collect the tax

mgavOP

Excerpt: a corporation deriving receipts from sources within this State shall be deemed to have substantial nexus and is subject to the taxes imposed under the Corporation Business Tax Act (1945)…

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