Draft Of Calif. Wayfair Law Mulls $500K Sales Threshold
By Maria Koklanaris (August 9, 2018, 7:56 PM EDT) -- California, the nation's most populous state, would require out-of-state retailers with $500,000 of annual sales into the state to collect and remit sales and use tax, according to draft legislation circulated by the administration and obtained by Law360 on Thursday.
The California Legislature has issued nothing concrete about how to handle remote sales in the wake of the U.S. Supreme Court's Wayfair decision. (AP)
The unofficial draft's last line states that its stipulations "shall not have any retroactive effect." The draft also sets up language that would require marketplaces such as Amazon.com and Etsy to collect and remit tax on behalf...
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