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Bill > S3604
NJ S3604
NJ S3604Eliminates transaction nexus requirement under the Sales and Use Tax and Corporation Business Tax.
summary
Introduced
09/19/2024
09/19/2024
In Committee
12/09/2024
12/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
Eliminates transaction nexus requirement under Sales and Use Tax and Corporation Business Tax.
AI Summary
This bill eliminates the transaction nexus requirement under the Sales and Use Tax and Corporation Business Tax in New Jersey. Specifically, it removes the provision that required a seller to have 200 or more separate transactions delivered to customers in New Jersey in order to be subject to the sales tax and the corporation business tax. Instead, the bill states that a seller or corporation will be subject to these taxes if their gross revenue from deliveries into New Jersey exceeds $100,000 in the current or prior calendar year. This change simplifies the nexus requirements and expands the number of out-of-state businesses that will be required to collect and remit sales tax and pay the corporation business tax in New Jersey.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Reported from Senate Committee with Amendments, 2nd Reading (on 12/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S3604 |
| Fiscal Note - Fiscal Estimate 3/10/25; 1R | https://pub.njleg.gov/Bills/2024/S4000/3604_E2.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S4000/3604_R1.HTM |
| Analysis - Statement SBA 12/9/24 | https://pub.njleg.gov/Bills/2024/S4000/3604_S1.PDF |
| Fiscal Note - Fiscal Estimate 12/5/24; as introduced | https://pub.njleg.gov/Bills/2024/S4000/3604_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S4000/3604_I1.HTM |
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