Wyoming Removes 200 Transaction Threshold from Economic Nexus Rules

Effective July 1, 2024, Wyoming will no longer require 200 transactions as part of the state’s economic nexus threshold. Remote sellers will now only be required to register and collect the state’s 4% sales tax in the state if they surpass the $100,000 gross sales threshold. 

The removed transaction threshold applies to remote sellers and will limit the number of sellers who are required to register within Wyoming. This change follows the trend of states removing their 200-transaction threshold, including South Dakota, the state that first enacted the threshold, which passed legislation to drop their transaction threshold as of July 1, 2023.  If your business operates as a remote seller, it is important to monitor the changes in laws regarding registration thresholds in case a change impacts your need to be registered in a state. (Wyoming H.B.0197, March 2024)

Posted on March 14, 2024