RAS-7 - Tax Treatment of Long-Term Contracts for Use of Computer Software Entered into Before 7/1/2015

Beginning July 1, 2015, the sale, lease, license or use of computer software that is remotely accessed from a location in Tennessee became subject to the Tennessee sales and use tax.  Taxpayers should collect sales tax on any payments received for billing periods that occur after July 1, 2015, even if the contract for the remotely accessed software was entered prior to this date.  See Important Notice # 15-24 for more information.