HB1042 — Taxes, Franchise - As introduced, allows professionals who own corporations, limited partnerships, and similar business entities to take their professional privilege tax payment as a credit against the business entity's franchise and excise tax liability. - Amends TCA Title 67, Chapter 4, Part 17; Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

HB1042 — Taxes, Franchise - As introduced, allows professionals who own corporations, limited partnerships, and similar business entities to take their professional privilege tax payment as a credit against the business entity's franchise and excise tax liability. - Amends TCA Title 67, Chapter 4, Part 17; Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21. · Informed CitizenryHB1042 amends the Tennessee Code to allow corporations, limited liability companies, limited partnerships, limited liability partnerships, and similar business entities to receive a credit against…Open in Informed Citizenry