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Taxes TN

TN Franchise and Excise Tax

Source: TN Department of Revenue Verified: March 1, 2026

Tennessee imposes a 6.5% excise tax on net earnings and a franchise tax of $0.25 per $100 of the greater of net worth or real and tangible property in Tennessee. Both taxes apply to most business entities including LLCs and corporations. Minimum franchise tax is $100.

Official Source:

TN Department of Revenue

Always verify current information directly with this agency.

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