Quote:
Originally Posted by BobC
Leon, That may depend on how big the auction houses are and what volume of business they are doing. In that South Dakota Supreme Court case, the threshold was set at $100,000 of sales activity in a single year before someone would have to start collecting sales tax on sales to SD residents, along with over 200 transactions. And that activity has to be for sales to residents of that particular state, not sales to all people everywhere.
The bigger auction houses will of course be hit. There could be some smaller AHs that don't meet such thresholds in some of the less populous states.
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Bob,
I have read your posts on this topic and you seem to know a good deal about this. Really appreciate your insights. Sounds like they are not quite there to being able to implement this national tax due to the administrative requirements. Seems really complicated to have to now track sales by state, especially for the sellers who have only one place of business.
Thanks,
Chase