Who must file a $100 minimum franchise tax return?

Entities with limited liability protection that are doing business and have substantial nexus in the state must file a franchise tax return on form FAE170.   If the computed franchise tax is less than $100, the minimum $100 franchise tax is due.  

Additionally, a taxable business that is inactive or has had its charter or other registration forfeited, revoked, or suspended, but has not been dissolved or otherwise properly terminated with the Tennessee Secretary of State, must file a return and pay the minimum franchise tax.


What entity types file the franchise and excise tax return?

How is franchise tax computed?

Do I have to file a franchise and excise tax return when my company did not have any activity during the year?

Can the franchise tax be prorated on all short period returns?

What legislation was passed in 2015 that affects franchise and & excise tax?

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