Taxable Nexus
/ˈtæksəbl ˈnɛksəs/
Definitions
- (n.) A sufficient connection between a taxpayer and a jurisdiction that permits the jurisdiction to impose tax obligations on the taxpayer.
The company established a taxable nexus in the state by maintaining a warehouse there.
Forms
- taxable nexus
Related terms
See also
Commentary
The concept of taxable nexus is fundamental in determining when a state or locality can lawfully require a business to collect or pay taxes. It often involves physical presence or economic activity thresholds.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.