Auctioneers Can Qualify as Marketplace Facilitators in North Carolina

Feb 14th, 2020

Effective February 1, 2020, auctioneers that qualify as marketplace facilitators and meet the state's nexus thresholds must collect and remit sales and use tax on goods they sell into North Carolina. A "marketplace facilitator" is someone who (1) lists or sells goods through a marketplace they operate; and (2) collects the sales price or purchase price of the goods, processes payments, or makes payment processing services available. If an auctioneer qualifies as a marketplace facilitator, they must collect and remit tax if they meet one of the state's nexus thresholds during the current or previous calendar year. The thresholds are (1) more than $100,000 in gross sales, or (2) 200 or more separate transactions into the state. in north carolina qualify as marketplace facilitators