F&E-26 - State Funding Board Certification Regarding Special Revenues

For tax years beginning on or after January 1, 2017, manufacturers may elect to apportion net earnings and net worth to Tennessee based upon a single sales factor.  To ensure the availability of this election, the State Funding Board must make a certification as required by Tenn. Code Ann. § 9-9-104(b).  On May 11, 2017, and the years thereafter, the State Funding Board met and approved a “Resolution Making Findings for Decrease in Special Revenues,” thereby making the required certification needed for any decrease in franchise taxes for fiscal years beginning 2017-18 through current.

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