Tennessee SB 1175: Taxes, Franchise - As introduced, changes the statutory apportionment formula used to calculate franchise and excise taxes from a three-factor formula to a single-sales-factor formula for small businesses. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

Status: Refer to Senate Finance, Ways & Means Committee with negative recommendation (as of 2017-03-01)

State: Tennessee · Session: 110 · Bill: SB 1175

Subjects: Taxes, Franchise

Sponsors: Hensley, Terry

View Tennessee SB 1175 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.