Sales/Use/Indirect:
Tennessee DOR Reminds that Nexus Thresholds Involving Marketplaces Don’t Apply to Franchise Tax
Sales Tax Collection by Marketplace Facilitators, Tenn. Dept. of Rev. (3/8/21). The Tennessee Department of Revenue has compiled and posted information to help implement legislation enacted in 2020 [see S.B. 2932 (2020)/H.B. 2924 (2020); S.B. 2182 (2020) and State Tax Matters, Issue 2020-27, for more details on this new law] that requires some marketplace facilitators and sellers with more than $100,000 of annual sales in Tennessee to register and collect state and local sales tax – reminding, among other definitional and sourcing details, that such legislation is applicable solely for Tennessee sales and use tax purposes and does not affect the nexus requirements for Tennessee business tax or Tennessee franchise and excise tax. Please contact us with any questions.
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