South Dakota vs. Wayfair Sales Tax Implications
In June of 2018, the US Supreme Court ruled in South Dakota v. Wayfair that states can mandate businesses to collect and remit sales tax on transactions within that state, regardless of whether the business has a physical presence in that state. Since that decision, states have been working to set nexuses (thresholds based on sales and/or transactions) at which point businesses will be required to collect tax on the state's behalf.
What Does This Mean?
What this means is that, in many cases, online shopping now requires sales tax be applied to your orders. In fact, you may have already noticed tax showing up on a majority of your internet purchases since this decision was reached.
Which States Are Affected?
Nearly every state in the US has set a nexus for businesses. These nexuses vary from state to state and are constantly being updated by the states themselves.
Impact on HookandLoop.com
What this means for us at HookandLoop.com is that we will be required to collect sales tax in certain states effective 10/1/2019 for all orders whether they are placed online, by phone, fax, or email.
Your orders will still ship on time but we will be required to collect a copy of your Sales Tax Exempt Certificate.
Tax Exempt Sales
We will continue to accept orders with tax exempt numbers and will work to keep these records up to date but all orders MUST have a Tax Exempt Certificate linked to your order (account). We will need to update your tax exempt certificate regularly, so if you are tax exempt -- please email your tax exempt certificate to [email protected].
We remain committed to meeting and exceeding your expectations, just as we have before, and we thank you for your continued trust in us and for your business. As always, we're available via phone at (800) 940-6934 or via email at [email protected] if you have any additional questions or concerns.