Tennessee Governor Bill Lee signed legislation on June 30, 2020 adjusting the state’s sales thresholds for economic nexus. Effective October 1, 2020, remote sellers making in excess of $100,000 in annual sales into the state will be required to collect and remit sales tax, which is a change from the previous threshold of $500,000 in annual sales. The threshold for Marketplace Facilitators was also lowered from $500,000 to $100,000 in annual sales for when they are required to collect and remit Tennessee sales tax on behalf of their sellers.
Tennessee Lowers Nexus Thresholds
Alex Koral
July 2, 2020
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Author
Alex Koral
Alex Koral is Senior Regulatory Counsel for Sovos ShipCompliant in the company’s Boulder, Colorado office. He actively researches beverage alcohol regulations and market developments to inform development of Sovos’ ShipCompliant product and help educate the industry on compliance issues. Alex has been in the beverage alcohol arena since 2015, after receiving his J.D. from the University of Colorado Law School.
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