Triggering Nexus In A State Flashcards
(3 cards)
1
Q
Can the sale of intangible assets trigger Nesus?
A
No. Intangible property does not qualify for nexus protection under public Law No. 86-272.
2
Q
What is Nexus?( Public law 86-272).
A
Nexus restricts a state from imposing a net income tax on income derived within its borders from interstate commerce if the only business activity within the state consists of solicitations of orders for sales of tangible personal property.
3
Q
What activities have to take place outside the state for nexus to apply?
A
Acceptance, rejection and fulfillment.
