Regulatory TREND. TX Comptroller Rulemaking Internet Sales Tax. 4 Key Points.

Refreshing our recollection. After the US Supreme Court decision in Wayfair, the Texas Comptoller provided initial guidance that:

• Rules will not include any retroactive application of the new law to remote sellers that have no physical presence in Texas
•  target effective date for rule amendments: Early 2019
• Seeking input from: 
  • interested parties
  • retailers
  • remote sellers
  • trade associations
  • the Comptroller’s Taxpayer and Business Advisory Group
• consult with local taxing entities on impact to local revenues