PPT-1 - Professional Privilege Tax – Overview

The professional privilege tax is an occupation tax imposed on people with an active Tennessee license or registration to practice specific professions. The following professionals are required to pay the tax due on June 1, 2020 and thereafter: agent (securities), attorney, broker-dealer, investment advisor, lobbyist, osteopathic physician, physician. Please see here for a complete list of professionals previously subject to the tax.

Reference: Tenn. Code Ann. 67-4-1701; 67-4-1702.

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