Tennessee § 56-4-217 Credit against franchise and excise taxes

Tennessee Statutes

§ 56-4-217 — Credit against franchise and excise taxes

Tennessee § 56-4-217

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This text of Tennessee § 56-4-217 (Credit against franchise and excise taxes) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 56-4-217 (2026).

Text

(a)The amount of the premium taxes collected under §§ 56-4-201 - 56-4-214 shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21, and by the Excise Tax Law, compiled in title 67, chapter 4, part 20.

(b)For tax years beginning on or after December 15, 2002, the excise tax imposed by title 67, chapter 4, part 20, and the franchise tax imposed by title 67, chapter 4, part 21, shall no longer be applicable to insurance companies, as defined in § 56-1-102 .

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(a) The amount of the premium taxes collected under §§ 56-4-201 - 56-4-214 shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21, and by the Excise Tax Law, compiled in title 67, chapter 4, part 20. (b) For tax years beginning on or after December 15, 2002, the excise tax imposed by title 67, chapter 4, part 20, and the franchise tax imposed by title 67, chapter 4, part 21, shall no longer be applicable to insurance companies, as defined in § 56-1-102 .

Legislative History

Acts 1945, ch. 3, § 4; 1947, ch. 201, § 1; mod. C. Supp. 1950, § 1248.44 (Williams, § 1248.172); T.C.A. (orig. ed.), § 56-421; Acts 1997, ch. 508, § 1; 2008, ch. 1106, § 54.