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To: Lizzie Tudor who wrote (89432)	1/2/2000 4:04:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

That is my understanding. That is why B&N's stores won't take returns.

To: Lizzie Tudor who wrote (89432)	1/2/2000 8:54:00 PM
From: i-node	Read Replies (1) \| Respond to of 164684

Don't you have to charge tax if you do business "in the state" - therefore, if you have a B&M operation there where customers are entitled to return items, then its a taxable transaction. This varies widely state to state. Some states are more aggressive than are others. Arkansas (since I live here) most certainly would demand sales tax on sales within the state. Also, most states will insist that corporate franchise and/or income taxes be prorated amongst the states where it is doing business, WITHOUT REGARD for the taxability of the sales. It doesn't have much to do with the "separate legal entity" status, as they are generally going to consolidate. I'm no sales tax expert; however, I know there was a landmark Supreme Court case a few years back involving Quill corporation. Suffice it to say, every state is going to want their piece of the action, and they are likely to get it very soon...