This week marks the first full week of the 2019 General Assembly Session. This year is a short session, so it will be extremely fast paced. Crossover is February 6th, which means all legislation must be through its body of origin by that date. The Session is scheduled to wrap up Saturday, February 23rd.

 

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. Now that the Supreme Court has ruled that online sellers can be required to collect sales tax, states are preparing to move forward.

 

Sourced from NRF.

From the Richmond Times-Dispatch:
Taxing issues: online sales, conformity with federal code top state budget agenda

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.