New Mexico is one of many states that updated its economic nexus following the South Dakota v. Wayfair, Inc. decision. With the passing of New Mexico House Bill (H.B.) 6, the Land of Enchantment adopted a sales tax collection requirement for out-of-state sellers and marketplace facilitators. The below outlines several of the major points in the New Mexico economic nexus requirements.
Source: SOVOS
Latest Posts in "United States"
- Why Voluntary Disclosure Agreements Are Key to Reducing Multi-State Sales Tax Risks
- Comprehensive Guide to Michigan Sales Tax: Rates, Nexus, Exemptions, and Compliance Essentials
- Washington Expands Sales Tax to Include New Digital Products Starting October 2025
- Navigating U.S. Invoice Storage and Retention: Federal, State, and Industry-Specific Rules Explained
- Washington State Imposes Sales Tax on Advertising Services, Affecting Digital Marketing Compliance