BUS-35 – Taxpayers with Inventory Held for Sale in a Tennessee Warehouse have a Tennessee Location

Taxpayers with inventory held for sale at a warehouse in Tennessee are considered to have a location in Tennessee. The warehouse would be considered an "other distribution point" according to Tenn. Comp. R. & Regs. 1320-04-05-.14. Therefore, sales of the inventory would be subject to the state and municipal business taxes