Doing business in Tennessee by any person or taxpayer, and/or exercising the corporate franchise, is declared to be a taxable privilege. The tax is an accrued tax and is imposed for the exercise of the specified privilege during the period that coincides with the tax year covered by the return required.
Structure 2021 Tennessee Code
Chapter 4 - Privilege and Excise Taxes
Part 20 - Excise Tax Law of 1999
§ 67-4-2002. Tax for State Purposes Only
§ 67-4-2004. Parts 20 and 21 Definitions
§ 67-4-2005. Doing Business in State Is Taxable Privilege
§ 67-4-2015. Filing of Returns — Payment of Tax — Penalty
§ 67-4-2020. Taxes Collected From Loan and Related Companies