HB714 — Taxes, Excise - As introduced, changes the statutory apportionment formula used to calculate franchise and excise taxes from a three-factor formula to a single-sales-factor formula. - Amends TCA Title 67, Chapter 4.

HB714 — Taxes, Excise - As introduced, changes the statutory apportionment formula used to calculate franchise and excise taxes from a three-factor formula to a single-sales-factor formula. - Amends TCA Title 67, Chapter 4. · Informed CitizenryHB714 amends Tennessee Code Annotated Title 67, Chapter 4 to change the statutory apportionment formula used to calculate franchise and excise taxes. The bill replaces the previous three-factor for…Open in Informed Citizenry