Tennessee has joined the majority of sales tax states with a law requiring marketplace facilitators such as Amazon.com Inc., eBay Inc., and Etsy Inc. to collect and remit taxes on remote sales.
Gov. Bill Lee (R) signed the measure (S.B. 2182) Wednesday, imposing the obligation on online marketplaces with more than $500,000 of annual sales into the Volunteer State, the same threshold the state previously set for remote sellers. The law takes effect Oct. 1.
Lawmakers in the state House and Senate passed it almost unanimously two weeks earlier, as they rushed to finish budget-related business before ...
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