Gov. Lee Signs $1.6B Franchise Tax Refund, $400K Repeal Into Law

The Property Portion Of Tennessee’s Franchise Tax Has Been Repealed And Businesses Will Be Eligible For A Rebate Of Up To Three Years Of Those Taxes.The Rebate Could Cost The State Up To $1.6 Billion.

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Tennessee Senate Approves Franchise Tax Repeal, $1.6B Refund

The Tennessee Senate Passed A Bill That Would End A Franchise Tax On Business Property In The State Along With Refunding As Much As $1.6 Billion To Businesses That Previously Paid The Tax.

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