New Jersey is deliberating Senate Bill 3604, a legislation that would eliminate the 200-transaction threshold for economic nexus and leave only a $100,000 revenue threshold for remote sellers. This change is expected to take effect some time in 2025.

The bottom line: This proposal follows a growing state trend of eliminating transaction thresholds while maintaining revenue thresholds. Businesses with high transaction volumes but lower revenue will be most impacted and should monitor this legislation to be prepared.