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forbes.com
🌐 75% Global Worthiness
New Jersey Seeks to Simplify Sales Tax Compliance by Eliminating Transaction Thresholds
New Jersey is proposing to eliminate the 200-transaction threshold for sales tax economic nexus, instead requiring businesses to collect sales tax if their gross revenue exceeds \$100,000 annually in the state; this simplifies compliance and enhances revenue collection.
New Jersey Seeks to Simplify Sales Tax Compliance by Eliminating Transaction Thresholds
New Jersey is proposing to eliminate the 200-transaction threshold for sales tax economic nexus, instead requiring businesses to collect sales tax if their gross revenue exceeds \$100,000 annually in the state; this simplifies compliance and enhances revenue collection.
Progress
48% Bias Score
Reduced Inequality
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