Tenn. Code § 67-4-2005
Current through Acts 2023-2024, ch. 1069
Doing business in Tennessee by any person or taxpayer, and/or exercising the corporate franchise, is declared to be a taxable privilege. The tax is an accrued tax and is imposed for the exercise of the specified privilege during the period that coincides with the tax year covered by the return required.
T.C.A. § 67-4-2005