Who may use the single sales factor to apportion?

For tax years beginning on or after January 1, 2017, manufacturers may elect to apportion net earnings and net worth to Tennessee based on a single sales factor.   A taxpayer is considered a manufacturer if more than 50 percent of its revenue from its activities in this state, excluding passive income, is from fabricating or processing tangible personal property for resale and consumption off the premises.  For more information, see Important Notice 17-11.

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