Other/Miscellaneous:
Tennessee: Updated Tax Manual Addresses Business Tax Law Changes, Caselaw, and Nexus
Business Tax Manual, Tenn. Dept. of Rev. (updated 12/23); Tax Manual Updates, Tenn. Dept. of Rev. (12/23). The Tennessee Department of Revenue updated some of its tax manuals to incorporate recent significant state tax law changes, including those involving the increased filing threshold for taxpayers subject to Tennessee’s business tax (TBT) and other TBT law changes [see H.B. 323, signed by gov. 5/11/23, and previously issued Multistate Tax Alert for more details on the Tennessee business tax law changes]. The updated TBT manual also provides a discussion of 2023 caselaw involving exempt “wholesaler-to-wholesaler” sales [see State Tax Matters, Issue 2023-9, for more details on this TBT case], and states that remote employee home offices generally do not constitute physical business locations for municipal-level business tax purposes; however, compensation paid to in-state employees must be included when determining if an out-of-state business has substantial nexus in Tennessee. Please contact us with any questions.
30 Rockefeller Plaza New York, NY 10112-0015 United States
About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 peopleworldwide make an impact that matters at www.deloitte.com.
