North Carolina Removes Transaction Count from Economic Nexus Threshold for Remote Sellers

• North Carolina has repealed the 200-transaction count from its economic nexus threshold for remote sellers
• Effective July 1, 2024, the state’s remote seller thresholds for economic nexus are based on gross sales exceeding $100,000
• Remote sellers may be eligible to cancel their North Carolina sales tax registration if they meet certain requirements
• To cancel registration, remote sellers must file Form NC-BN and list the date they wish to end registration
• If a remote seller cancels registration and later engages in business in North Carolina, they must re-register
• North Carolina’s repeal of the transaction count is part of a trend among states, including Indiana, Louisiana, and Wyoming
• Remote sellers currently registered for sales tax in North Carolina should review their sales to see if they are eligible to cancel registration.

Source: salestaxinstitute.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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