Changes to registration requirements

July marks the start of the new fiscal year for most US states. Here, we’ve provided a list of some of the most important updates which might affect your business in terms of registration, and selling in the US. 

Indiana

The economic nexus rules have been modified to remove the transaction threshold (previously 200 sales, regardless of value). 

North Carolina

The economic nexus rules have been modified to remove the transaction threshold (previously 200 sales, regardless of value). 

Wyoming

The economic nexus rules have been modified to remove the transaction threshold (previously 200 sales, regardless of value). 

For all three states (Indiana, North Carolina, Wyoming), the updated economic nexus rules now only require Sales Tax registration after reaching $100,000 in sales.  This includes both direct sales and marketplace facilitated sales. 

Sales Tax holidays

Certain states have implemented Sales Tax holiday policies, which means that certain categories of goods and/or services may be exempt from Sales Tax during the specified holiday period.

Your business will still need to register for Sales Tax in each respective state if it meets the physical and/or economic nexus thresholds (where applicable). 

As of July 2024, the following states/territories have announced their respective Sales Tax holidays:

Alabama

‘Back-to-school’ holiday, 19-21 July 2024

Includes common school & educational supplies

Florida

‘Freedom Month’ holiday, 1-31 July 2024

Includes outdoor recreation (fishing, camping water activities etc.), state parks and museums

‘Back-to-school’ holiday, 29 July – 11 August

Includes common school & educational supplies

Mississippi

Annual holiday, 12-14 July 2024

Ohio

Annual holiday, 30 July – 8 August 2024

Puerto Rico

‘Back-to-school’, 19-20 July 2024

Tennessee

Annual holiday, 26-28 July 2024

Not yet registered for US Sales Tax?

The US is one of the biggest selling markets, and could be your gateway to success.  TBA Global can help you register for US Sales Tax, or even incorporate a company in the US.  Our compliance services ensure that you’ll always be up to date with the latest obligations and policy changes, leaving you to focus on what matters most – your customers. 

Did you know that we also offer supplementary services to help boost your business even further? We now offer trademarking services in multiple jurisdictions including the US. 

Get in touch with us at info@tbaglobal.com for more information – we’re ready to help you get started.