Tennessee § 67-4-714 Inactive or terminated taxable entities not relieved from filing a return and paying business tax

Tennessee Statutes

§ 67-4-714 — Inactive or terminated taxable entities not relieved from filing a return and paying business tax

Tennessee § 67-4-714

Title67

This text of Tennessee § 67-4-714 (Inactive or terminated taxable entities not relieved from filing a return and paying business tax) 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. § 67-4-714 (2026).

Text

(a)The minimum business tax payable under this part by any person subject to the tax levied in this part shall be as follows:

(1)Notwithstanding § 67-4-709(1)-

(4)for taxpayers included in classifications (1)-

(4)in § 67-4-708 , the minimum business tax shall be twenty-two dollars ($22.00) per annum per location after applying all deductions and credits set forth in §§ 67-4-711 and 67-4-713 . Any person subject to tax under this part that has no established physical location, outlet, or other place of business in the state shall be subject to a single minimum tax as provided in this subdivision (a)(1) for all activity within the state. In the case of coin-operated machines, only the principal place of business shall be subject to the minimum tax;

(2)Notwithstanding § 67-4-709(5)(A) for

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(a) The minimum business tax payable under this part by any person subject to the tax levied in this part shall be as follows: (1) Notwithstanding § 67-4-709(1)-(4) for taxpayers included in classifications (1)-(4) in § 67-4-708 , the minimum business tax shall be twenty-two dollars ($22.00) per annum per location after applying all deductions and credits set forth in §§ 67-4-711 and 67-4-713 . Any person subject to tax under this part that has no established physical location, outlet, or other place of business in the state shall be subject to a single minimum tax as provided in this subdivision (a)(1) for all activity within the state. In the case of coin-operated machines, only the principal place of business shall be subject to the minimum tax; (2) Notwithstanding § 67-4-709(5)(A) for taxpayers included in classification (5)(A) in § 67-4-708 , the minimum tax payable shall be four hundred fifty dollars ($450) per annum after applying all deductions and credits set forth in §§ 67-4-711 and 67-4-713 ; however, under no circumstances shall the tax payable under § 67-4-709(5)(A) be more than one thousand five hundred dollars ($1,500) per annum after applying all deductions and credits set forth in §§ 67-4-711 and 67-4-713 . (b) A taxable entity that is incorporated, domesticated, qualified or otherwise registered to do business in this state, but is, or has become, inactive in this state, or whose charter, domestication, qualification or other registration is forfeited, revoked or suspended without the entity being properly dissolved, surrendered, withdrawn, cancelled or otherwise properly terminated, shall not be relieved from filing a return and paying the business tax, which shall be no less than the minimum tax established in subsection (a).

Legislative History

Amended by 2014 Tenn. Acts, ch. 942,s 4, eff. 7/1/2014. Amended by 2013 Tenn. Acts, ch. 313,s 16, eff. 1/1/2014. Acts 1971, ch. 387, § 7; modified; Acts 1972, ch. 850, § 7; 1973, ch. 172, § 1; 1973, ch. 208, §§ 1, 2; 1977, ch. 314, § 1; T.C.A., § 67-5807; Acts 1984, ch. 832, §§ 28, 29; 2009, ch. 530, § 82; 2010, ch. 1134, § 45.