New Jersey's ‘New' Nexus Standard: Attempt to Impose Economic Nexus Retroactively Conflicts With Recent Case Law

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

On Jan. 10, the New Jersey Division of Taxation issued a Technical Advisory Memorandum (TAM-6), in which it asserts that a 2002 amendment to the state's Corporation Business Tax Act creates nexus for out-of-state corporations that solicit business within New Jersey or that derive receipts from sources within the state.

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