Doing business in Tennessee by any person or taxpayer, and/or exercising the corporate franchise, are declared to be taxable privileges. 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 21 - Franchise Tax Law of 1999
§ 67-4-2102. Tax for State Purposes Only
§ 67-4-2104. Doing Business in Tennessee a Taxable Privilege
§ 67-4-2108. Value of Tangible Property as Minimum Tax Base — Exempt Property
§ 67-4-2109. Credit for Gross Premiums Tax and Job Tax
§ 67-4-2117. Collection — Dissolved Entities