Important Notice: Tennessee Works Tax Act Updates Effective July 1, 2024
On May 11, 2023, Governor Lee signed into law the Tennessee Works Tax Act (“TWTA”), Public Chapter 377 (2023).
On May 11, 2023, Governor Lee signed into law the Tennessee Works Tax Act (“TWTA”), Public Chapter 377 (2023).
NASHVILLE - Join the Department of Revenue on May 28 at 9 am Central time for a free webinar to discuss the basics of Tennessee’s sales tax.
Pub. Ch. 917 (2024) creates a new "city tax rate" that may apply to the retail sale of food and food ingredients. “City tax rate” means a rate adopted in a city or town that is equal to the difference between the county tax rate and city tax rate, when the county tax rate is below 2.75%.
SB1824/HB2074 (2024) expands the natural disaster sales tax refund available to individuals whose primary residence was damaged or destroyed as a result of the Morgan County tornadoes that occurred during April 1, 2024, to April 3, 2024.
NASHVILLE - Attention eligible business owners: the claim period for franchise tax property measure (Schedule G) refunds opens today. There’s limited time to file for this refund.
SB2103/HB1893 (2024) eliminates the property measure of the franchise tax (also known as the “minimum measure”) for tax years ending on or after January 1, 2024.
NASHVILLE - Join the Department of Revenue on May 7 at 9 am Central time for a free webinar to discuss schedule G franchise tax refunds and the implications of Tennessee House Bill 1893.
NASHVILLE – Attention, new business owners! Join the Department of Revenue on April 3 at 8:30 Central time for a free webinar specifically designed for new businesses.
NASHVILLE -- Join the Department of Revenue on March 26 at 9 am Central time for a free webinar to discuss recent franchise and excise tax law changes.
NASHVILLE – It’s almost time to file your 2023 business tax return. Thanks to recent legislation, beginning this year over 100,000 small businesses will no longer be required to file a return and pay this tax.
NASHVILLE - Join the Department of Revenue on February 27 at 9 am Central time for a free webinar on the taxation of hemp-cased cannabinoids.
NASHVILLE- Tax relief is available to businesses and homeowners affected by the severe weather on December 9, 2023, in Tennessee.
NASHVILLE – The Department of Revenue and the Department of Intellectual and Developmental Disabilities (DIDD) are working together to provide financial relief for parents and guardians of individuals with disabilities.
NASHVILLE -- Join the Department of Revenue on January 30 at 9 am Central time for a free webinar to discuss the basics of business tax.