SB1175 — Taxes, Franchise - 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 for small businesses. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

SB1175 — Taxes, Franchise - 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 for small businesses. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21. · Informed CitizenryThis bill amends Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, regarding franchise and excise taxes. For tax years beginning on or after July 1, 2017, the…Open in Informed Citizenry