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2019 Tennessee Code
Title 67 - Taxes and Licenses
Chapter 4 - Privilege and Excise Taxes
Part 21 - Franchise Tax Law of 1999
§ 67-4-2110. Apportionment for persons doing business outside state.
Universal Citation:
TN Code § 67-4-2110 (2019)
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This media-neutral citation is based
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(a) Any taxpayer having business activities that are taxable both inside and outside the state of Tennessee shall allocate or apportion its net worth as provided in this part. A taxpayer is considered taxable in another state only if the taxpayer is conducting activities in that state that, if conducted in Tennessee, would constitute doing business in Tennessee and would subject the taxpayer to either Tennessee's franchise tax or excise tax.
(b) Nonbusiness receipts shall not be included in the numerator or denominator of any apportionment formula.
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