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

Tennessee Statutes

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

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Tennessee § 67-4-2010 (Taxation of persons doing business outside state) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.