Andy Fisher, Director of Business Development at BDO USA, LLP, is giving insights on Tennessee's new cloud computing tax and how it could require action by July 1, 2015.
New Use Tax on Cloud Computing Effective July 1, 2015, the RMA imposes sales and use tax on a Tennessee business or individual accessing software “in the cloud” or software as a service (“SaaS”). Accordingly, a taxable use of computer software in Tennessee will include the right to access and use software that remains on a server hosted in another state by the cloud vendor or third-party host.
The full article may be read here.
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