Amended Tennessee Business Tax Bill Released For Further Comment

The Tennessee Department of Revenue has released a new version of its Tennessee Business Tax Bill, which is titled the Uniformity and Small Business Relief Act. The original version, which was released in mid-February was addressed in an earlier article, Tennessee Requests Comments on Legislation to Amend the Locally-Imposed Gross Receipts Tax. This new version of the bill makes changes to the provisions applicable to cable and satelite providers as well as changes to the exemption for small businesses. The exemption is clarified in that the exemption level is raised to sales of $10,000 per jurisdiction. Taxpayers exempt under this provision must obtain an annual "Minimal Activity License" at a charge of $15 per year. The revision also clarifies the fact that services are imposed based on where a customer is located and receives the taxable services. It is likely that additional changes will be released, and we will update those revisions as they are made. A copy of the Amended Uniformity and Small  Business Relief Act is linked for your review.