FROM THE NRF:

On June 21, 2018, the U.S. Supreme Court issued its much-awaited decision in South Dakota v. Wayfair. In its ruling, the court overturned the precedent set in its 1992 Quill Corp. v. North Dakota ruling that prevented states from requiring online and other “remote” sellers to collect their sales tax unless the seller had a physical presence in the state.

Joint Money Committees Update

Last week, Governor Northam and Secretary of Finance, Aubrey Layne, addressed the Joint Money Committees with a Review of the 2018 Fiscal Year and a look forward to the coming Fiscal Year.

As of July 1st, the new laws from the 2018 General Assembly Session went into effect. Multiple laws impact our members. 

 

BREAKING NEWS

 

The Supreme Court says states can force online shoppers to pay sales tax.

The 5-4 ruling Thursday is a win for states, who said they were losing out on billions of dollars annually under a two-decades-old Supreme Court decisions that affected online sales tax collection.