Which of the following correctly describes the effect of South Dakota v$.$ Wayfair, Inc. on states' assertion of income tax nexus?

It restricts states from exercising income tax jurisdiction over a business unless the business has a physical presence within the state.

It provides states with a basis for expanding claims of economic nexus with businesses.

It removes the requirement for states to have substantial nexus with a business before the business could be subjected to state taxation.

It allows a business to opt out of a state's income tax as long as the business has its domestic domicile in another state.