Tax & Business Services Partner Paul Graney discussed sales tax nexus in Connecticut with the Hartford Business Journal.
Hartford Business Journal
By Matt Pilon
Excerpt:
Connecticut’s tax commissioner and other officials want to write the next chapter in an ongoing push to collect tax revenue from online companies and others located outside the state.
Through their expansion of economic nexus, state governments are almost daring the Supreme Court to reassess the Quill decision, said Paul Graney, a partner at accounting firm Marcum LLP who has Connecticut clients.
More than half of states have already applied the economic nexus principle to their corporate income tax laws, including Connecticut in 2009. That’s when the General Assembly passed a law that required remote companies that sell more than $500,000 in goods and services to Connecticut customers to pay corporation tax.
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