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Franchise Taxes Tennessee Tax Relief

Baker Donelson

The 113th Tennessee General Assembly Adjourns Sine Die – Highlighted Overview

Baker Donelson on

The 113th Tennessee General Assembly adjourned sine die on April 25, 2024. The session was dominated by debate over the size and scope of the $1.6 billion legislative fix to the state franchise tax that naturally dashed plans...more

Baker Donelson

Legislation To Be Filed Addressing Potential Constitutional Issue with Franchise Tax

Baker Donelson on

On January 4, 2024, Tennessee Governor Bill Lee announced plans to amend the Tennessee franchise tax to simplify the calculation of the franchise tax to "in effect give tax relief to businesses that are invested in our...more

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