The ins and outs of multistate taxation
Abstract: To incur taxation in another state, a business must have a substantial connection with that state — commonly known as “nexus.” Historically, that meant a physical presence in the state. But, in today’s digital age, many companies do business beyond their state’s borders. And with budgets tight and the economy uncertain, many states are renewing efforts to maximize tax revenue from out-of-state businesses. This article discusses how judges and legislators have been addressing the wide array of laws.