The standard for collection will now shift to collecting tax from those with a substantial nexus in a state, which can be established through a substantial economic presence. It remains to be seen as to what level of economic activity will constitute a substantial presence. The definition of substantial economic presence will revolve around the laws of individual states and future court decisions.
We will keep you up to date as developments and guidance are released.
In the meantime, if you have questions, please contact your local Blue & Co. advisor.