SB8 — 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.

SB8 — 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 CitizenryThis bill amends Tennessee Code Annotated Title 67, Chapter 4, to change the statutory apportionment formula used to calculate franchise and excise taxes. For tax years beginning on or after July 1…Open in Informed Citizenry