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

New Jersey's S 3604 eliminates a requirement forcing online retailers without a physical presence in the state to collect sales tax if they made 200 or more separate sales to New Jersey customers. The bill keeps the existing $100,000 annual sales revenue threshold for remote sellers to collect tax, but removes the transaction count rule. This directly affects out-of-state online businesses selling goods or digital products to New Jersey residents. The change simplifies the tax obligation for remote sellers by focusing solely on total sales volume rather than the number of transactions.