The Rea Report | Fall 2021 | Page 7

Ruling ... Then & Now

WHERE WE WERE --- TO WHERE WE ARE TODAY WITH THE WAYFAIR TAX RULES
The Wayfair ruling reinvented nexus standards . Here ’ s how it has exploded in the last three years .
Concerns about Wayfair or tax compliance rules ?
Rea ’ s state and local tax
team can help diagnose
exposure and needed controls for your business and
help you create a comprehensive action plan to address these issues .

2020 2021

March September Today

COVID-19 pandemic is declared worldwide . Many U . S . cities shut down .
A combination of online sales during COVID-19 , which hit a high of over $ 26.7 trillion , and the states , reduced revenue , further propels states ’ desire to enforce the Wayfair-based laws .
As of press time , 44 states nationwide officially adopt Wayfair-like policies concerning economic nexus . Florida and Missouri signed regulations in 2021 , bringing the total to 46 states that impose a sales tax . Now that the majority of states have implemented economic nexus rules , and there is a reduction of the pandemic disruptions , states are now aggressively pursuing taxpayers that have met these new nexus standards .
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