Not a Lexis Advance subscriber? Try it out for free.
LexisNexis® CLE On-Demand features premium content from partners like American Law Institute Continuing Legal Education and Pozner & Dodd. Choose from a broad listing of topics suited for law firms, corporate legal departments, and government entities. Individual courses and subscriptions available.
The Tennessee General Assembly passed S.B. 2182 on March 19 and the measure awaits execution by the Governor. The bill would require marketplace facilitators to collect and remit tax on behalf of their third-party sellers. Specifically, marketplace facilitators that made or facilitated total sales to consumers in the state of more than $500,000 in the previous year would be required to collect and remit sales and use tax on third-party sales. The bill would exclude from the definition of a marketplace facilitator certain delivery network companies facilitating local sales and deliveries and would allow for waivers and remittance agreements between the facilitator and seller under certain circumstances. The bill would take effect on October 1.