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The Tennessee Department of Revenue (TDOR) is an agency within the Tennessee state government that is responsible for administering the state’s tax laws and motor vehicle title and registration laws. More than 800 people work for the Department of Revenue. [1] The Department collects about 87 percent of total state revenue.
The Hall income tax was a Tennessee state tax on interest and dividend income from investments. [1] It was the only tax on personal income in Tennessee, which did not levy a general state income tax. The tax rate prior to 2016 was 6 percent, applied to all taxable interest and dividend income over $1250 per person ($2500 for married couples ...
The franchise tax refunds are the largest, single new item in Tennessee Gov. Bill Lee's budget, recently approved by lawmakers. Majority of $1.5B franchise tax refunds would flow out of Tennessee ...
The state is refusing to name the 80 companies that have sought franchise tax refunds from the state, a move that Finance Commissioner Jim Bryson says prompted Lee to include $1.2 billion in ...
The 21st floor of the Tennessee Tower is where the Department of Finance and Administration's headquarters are located. The Tennessee Department of Finance and Administration (TDFA) is a state agency of Tennessee. Its headquarters are in the Tennessee Tower in Nashville. [1] Jim Bryson has been commissioner since June 15, 2022.
The state's general tax rate is 7%, and when combined with local taxes, reaches an average of 9.5%. The largest possible sales tax in the state is even higher, at 9.75%. What items are exempt in ...
Tennessee Tax Revolt, Inc. (TTR) is an American anti-tax political advocacy group active in the state of Tennessee. [1] The organization was incorporated as a public benefit corporation of Tennessee on October 22, 2001. [2] Donation pages on its site note that donations to TTR are not tax-deductible. [3] [4]
The Tennessee Senate has approved a franchise tax revision that unnecessarily will refund $1.9 billion of state tax collections — Tennesseans’ money — to companies in Tennessee and most or ...