Wayfair Decision to have a Dramatic Impact

June 21, 2018

The U.S. Supreme Court’s June 21 decision that states can assert nexus for sales and use tax purposes without requiring a seller’s physical presence in the state is expected to have a major impact on U.S. retail business.

The court decision in South Dakota v. Wayfair overturns prior Supreme Court precedent in cases from 1967 and 1992, both of which held that states could not require sellers to collect sales taxes unless they had a physical presence in that state. The Court concluded that each decision was an incorrect interpretation of the Commerce Clause.

Read more in the Journal of Accountancy here >