If a taxpayer's principal business in this state is that of a common carrier of persons or property for hire, or of an insurance company, the taxpayer's net worth shall be apportioned to Tennessee on the basis of the following ratios:
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