The business tax rates vary depending on a business’s classification and whether it is a retailer or a wholesaler. Certain business classifications have both a retail and wholesale rate. Business tax classification and tax rates are determined on a per-location basis, meaning that each location stands alone for the purpose of this determination. However, every taxpayer must pay at least a minimum tax of $22.
Related Article: BUS-10 – Wholesale and Retail Business Tax Rates
Reference: Tenn. Code Ann. §§ 67-4-708 and 709.