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Sales Tax Scaries 4: Nexus and Taxability
When Sales Tax Creeps Up on You
Ever notice how the first characters in every horror movie never...
As we continue to monitor how states are attacking the physical presence standard to determine sales tax nexus, I recently saw that Tennessee is getting ready to introduce a new regulation.
This new regulation would require out-of-state businesses to collect and remit the applicable sales tax provided they have more than $500,000 in sales in the preceding twelve months.
It’s a bit more generous from a threshold perspective than the Alabama regulation which is $250,000 but still is a slap in the face to the Quill physical presence standard. If this gets approved, I would expect an almost immediate legal challenge.
See the full article as reported by McDermott Will & Emery.
