Tennessee § 67-4-2010 Taxation of persons doing business outside state

Tennessee Statutes

§ 67-4-2010 — Taxation of persons doing business outside state

Tennessee § 67-4-2010

Title67

This text of Tennessee § 67-4-2010 (Taxation of persons doing business outside state) 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. § 67-4-2010 (2026).

Text

(a)Any taxpayer having business activities that are taxable both inside and outside this state shall allocate or apportion its net earnings or losses as provided in this part. A taxpayer is considered taxable in another state only if the taxpayer is conducting activities in that state that, if conducted in Tennessee, would constitute doing business in Tennessee and would subject the taxpayer to either Tennessee's franchise tax or excise tax.

(b)Nonbusiness receipts shall not be included in the numerator or denominator of any apportionment formula.

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(a) Any taxpayer having business activities that are taxable both inside and outside this state shall allocate or apportion its net earnings or losses as provided in this part. A taxpayer is considered taxable in another state only if the taxpayer is conducting activities in that state that, if conducted in Tennessee, would constitute doing business in Tennessee and would subject the taxpayer to either Tennessee's franchise tax or excise tax. (b) Nonbusiness receipts shall not be included in the numerator or denominator of any apportionment formula.