The franchise tax is based on the greater of Tennessee apportioned net worth (assets less liabilities) or real and tangible property owned or used in Tennessee. The tax rate is $0.25 per $100 (0.25%) of the tax base. There is a $100 minimum tax.
How is franchise tax computed?
Related articles
- How is excise tax computed?
- When is a Single Member Limited Liability Company (SMLLC) required to file a franchise, excise tax return in Tennessee?
- Do I have to file a franchise and excise tax return when my company did not have any activity during the year?
- How do you calculate the indebtedness addition to the franchise tax base?
- Can the franchise tax be prorated on all short period returns?
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