Blog

VIDEO: Update on Revenue Modernization Act

There have been significant changes made to the Revenue Modernization Act. See what they are in the following.

Blog

Hall Income Tax—Phase Out and Angel Investor Credit

Tennessee’s legislature approved a bill to reduce and ultimately repeal the Hall Tax. The law will initially cut the tax rate from 6% to 5% for tax years beginning on or after January 1, 2016.

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Statutory Relief for Franchise, Excise Tax Estimated Payments

This legislation, which was the Administration’s tax bill for 2016, enacts a number of user-friendly changes related to franchise, excise tax estimated payments effective for tax years beginning on or after January 1, 2016.

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Tennessee Tax Incentives and Credit Update

Public Chapter No. 504, passed for the Department of Economic & Community Development (“ECD”) related to Tennessee’s tax incentives and credits.

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Residency Rules and Traps for the Unwary

there are two concepts to consider when determining an individual’s filing status in a particular state. Those concepts are “domicile” and “residency.”