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Tennessee Lowers its Economic Nexus Threshold
Last Updated on September 5, 2024
Tennessee may have not been on your economic nexus radar in the past with thresholds of over $500,000 to necessitate collecting and remitting sales tax, but that is about to change. Beginning October 1, 2020, the threshold for out-of-state businesses and marketplace facilitators will be lowered to $100,000 in annual sales. Tennessee’s economic nexus law has only been active since July 1, 2019. For more information or help with economic nexus, contact us today!