BUS-8 - Business Tax Rates

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.

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