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

This bill eliminates the requirement for remote sellers and out-of-state corporations to meet a 200-transaction threshold to be subject to New Jersey's sales/use tax and corporation business tax. Instead, it retains only the $100,000 revenue threshold for both tax types. Remote sellers must now collect and remit sales tax if their taxable revenue delivered into New Jersey exceeds $100,000 in a calendar year. Similarly, corporations must pay corporation business tax if their receipts from New Jersey sources exceed $100,000 in a fiscal year. The change simplifies tax obligations for businesses operating remotely in New Jersey.