Connecticut Enacts Economic Nexus Law

Monday, July 23rd, 2018

 
 
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The Connecticut legislature recently enacted an economic nexus law. Economic nexus laws require certain sellers without a physical presence in the state to collect sales or use tax for that state. Connecticut's economic nexus law will not become effective until December 1, 2018.

The economic nexus law applies to out-of-state sellers that deliver taxable items into Connecticut if the seller, during the previous twelve months (1) has gross receipts of $250,000 or more from sales in the state, and (2) enters into 200 or more separate transactions in the state.

https://www.ttrus.com/Connecticut_Enacts_Economic_Nexus_Law


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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