Section 235-4.2 - Persons lacking physical presence in the State; nexus presumptionsA person that lacks physical presence in the State is presumed to be systematically and regularly engaging in business in the State and taxable under this chapter if, during the current or preceding calendar year:
(1) The person engages in two hundred or more business transactions with persons within the State; or(2) The sum of the value of the person's gross income attributable to sources in this State equals or exceeds $100,000 or for a person that does business within and without the State the numerator of the person's sales factor for the State equals or exceeds $100,000.Added by L 2019, c 221,§ 1, eff. 7/2/2019 and applicable to taxable years beginning after 12/31/2019.