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Tennessee business tax: who must register, licensing thresholds and filing deadlines
Summary
Department of Revenue presenters explained Tennessee's business tax rules, the minimal versus standard local license framework, the $100,000 gross-sales threshold that triggers standard licensing and filing, classification rules, deductible items and filing deadlines.
At a Department of Revenue webinar for new business owners, presenters laid out who in Tennessee must register and pay business tax and how local business licenses tie to state filings.
Katie Julian, member of the taxpayer services, taxpayer education team, described the licensing threshold and filing obligations: businesses with annual gross sales of $3,000 to $100,000 generally need a minimal local business license and do not owe business tax; businesses with more than $100,000 in annual gross sales must obtain a standard business license and file an annual business tax return. "If you make between 3,000 and 100,000 annual in gross sales, you are gonna be required to obtain a minimal business license from your local clerk," Julian said.
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