Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
DOR explains franchise and excise (F&E) tax basics, filing deadlines and extension rules
Summary
The Tennessee Department of Revenue summarized who is subject to franchise and excise tax, how franchise is computed on net worth and excise on net income, timelines for filings and extensions, and estimated-payment rules at a July 2025 new-business workshop.
Tennessee Department of Revenue staff briefed corporate and pass-through business owners on franchise and excise (F&E) tax fundamentals, filing schedules and extension and estimated-payment rules.
Katie Julian explained that franchise tax is now computed on net worth and excise tax on net income: "Franchise tax is computed on your your net worth. Simple as that. Your net worth," she said during the presentation. The session covered registration, filing deadlines, automatic extensions, and penalties for late filing or payment.
Why this matters: corporations and most limited liability companies that do business in Tennessee must register for F&E and file returns. The tax has different bases…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
