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Department of Revenue reports nearly $1.3 billion refunded under franchise tax provision; 67,000 claims processed
2531661 · March 10, 2025
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Summary
Tennessee Department of Revenue officials told the committee they received about 67,000 refund claims under last year's franchise tax provision and have refunded just under $1.3 billion, with remaining claims still being processed.
Department of Revenue leaders told the committee the department has processed roughly 67,000 claims under the franchise tax refund provision enacted in last year's session and has refunded just under $1,300,000,000 to date.
David Gergen, a department official presenting to the committee, summarized the refund workload and…
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