L. = a bond; gap junction between cells.
The process used to determine if a company must collect sales tax in a particular state. Generally, this is determined by whether a company has a substantial physical presence in the state, i.e., a store, an office, a warehouse, or a similar physical structure.
a physical presence, such as a store, used in determining the tax status of a sales transaction
legal junction or the point of entering jurisdiction; (internal law is applicable).
dependent upon usage, is a. the means of connection between things linked in series; or, b. a connected series or group; or, c. is the sufficient presence within the jurisdiction of a taxing authority. The taxable income of a multistate corporation may be apportioned to a specific state only if the corporation has a sufficient nexus in the state. The nexus for state sales tax requires a physical presence in the state, whereas the nexus for state income tax purposes requires more than just solicitations of sales.
A seller's minimum level of physical presence within a state that permits the taxing authority to require the seller to register, collect and remit sales/use tax and comply with the Country's, Province's, State's and/or County's taxing statutes and regulations.
The establishment of representation within the state or other taxing jurisdiction.
The condition of having sufficient presence in a jurisdiction to be subject to specific laws of that jurisdiction. For instance, in order to be subject to the taxing authority of a state, a person or organization must have sufficient presence in that state, usually established by operating a business or otherwise engaging in commerce there. Statutory and case law typically establishes the degree of presence and the associated specific conditions necessary for a nexus to be formed.