TBA Law Blog


Posted by: Stacey Shrader Joslin on Apr 25, 2024

The Tennessee House and Senate have come to an agreement on their differences in the franchise tax legislation, the Nashville Post reports. House members of the conference committee agreed to the Senate’s language providing a three-year period for businesses to be able to request a refund, while the Senate members agreed to some transparency. Under that language, the names of businesses that request refunds would be released in May 2025. The exact amount they received would not be given. Instead, the companies would be placed in four broad categories: refund pending, $0 to $750 refund received, $750 to $10,000 refund received, and more than a $10,000 refund received. The compromise bill, HB1893/SB2103, then passed both the Senate and the House floors.