Tennessee Requests Comments on Legislation to Amend the Locally-Imposed Gross...
The Tennessee Department of Revenue has released a legislative proposal with the stated intent of clarifying the application of the locally-imposed business tax to out-of-state businesses while also...
View ArticleAssessment Appeals Commission Holds that Personal Property is Valued at...
The Assessment Appeals Commission (“AAC”) of the Tennessee State Board of Equalization has reversed a 2011 administrative law judge decision, holding that intangible costs (such as freight,...
View ArticleTennessee Appeals Court Holds that Tenant Is Required to Pay Landlord’s...
The Tennessee Court of Appeals ruled on January 2, 2013 that a tenant was required to pay its landlord’s Tennessee excise tax liability, based on the terms of the applicable lease agreement. J-Star...
View ArticleTennessee Business Tax: Locally Imposed Tax Revamped
The Tennessee General Assembly recently passed a significant revision to the Tennessee Business Tax, a locally imposed gross receipts tax on the sale of goods and services (SB183/HB177). This change...
View ArticleTennessee Property Tax Assessment Appeals: Davidson County in Reappraisal Year
With Davidson County and several other Tennessee counties in reappraisal years, we remind Tennessee property owners that now is the time to request an appointment to appeal real or personal property...
View ArticleState & Local Tax Newsletter: TN Edition
The Tennessee Department of Revenue has issued Notice 13-06 to clarify the tax treatment of single-member limited liability companies (SMLLCs) owned by entities checking the box to be treated as...
View ArticleTennessee – 2014 Legislative Highlights
Effective January 1, 2015, the method of issuing tax assessments and the informal conference process available to taxpayers will be revamped. 2014 Tenn. Pub. Acts 854. Touted as being more...
View ArticleTennessee Adopts “IMPROVE Act” a/k/a “2017 Tax Cut Act”—Takeaways for...
Tennessee Governor Bill Haslam recently signed into law the “Improving Manufacturing, Public Roads and Opportunities for a Vibrant Economy (IMPROVE) Act” or the “2017 Tax Cut Act” (the “Improve...
View Article2017 Tennessee Tax Legislative Highlights - State & Local Tax Alert:...
In addition to Tennessee’s passage of the IMPROVE Act (Improving Manufacturing, Public Roads and Opportunities for a Vibrant Economy) also known as the “2017 Tax Cut Act,” 2017 Tenn. Pub. Acts 181,...
View ArticleTax Cuts and Jobs Act Taxes Some Incentives - ACREL News & Notes
Section 118 provides “[i]n the case of a corporation, gross income does not include any contribution to the capital of the taxpayer.” The regulations promulgated under Section 118 under prior law...
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