Statutes > Tennessee Statutes > Title 67 - Taxes And Licenses > Chapter 4 - Privilege and Excise Taxes > Part 21 - Franchise Tax Law > 67-4-2104 - Doing business in Tennessee a taxable privilege.

67-4-2104 - Doing business in Tennessee a taxable privilege.

67-4-2104. Doing business in Tennessee a taxable privilege.

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.

[Acts 1999, ch. 406, § 4.]