Identify where and what triggers economic nexus

Economic nexus is triggered when Metals Mint reaches a certain amount of sales (e.g., $100,000) and/or a number of sales transactions (e.g., 200 transactions) in another state except Florida. 

Exempt sales of goods and services may count toward your economic nexus threshold in certain states.

Metals Mint will register in states where the business has economic nexus.

What is economic nexus?

Economic nexus is a connection between a state and business when annual sales revenue and/or transaction quantity reach a threshold set by the state requiring you to register for sales tax.

Who does economic nexus affect?

An economic nexus impacts businesses with no physical presence in a state (states other than Florida), also known as remote sellers, who sell goods and services in that state that meet or exceed the state’s economic nexus threshold.