Tax Information

Tax

State

Local

Sales and Use

7%; 5% on food

1.50% - 2.75%

General Business Tax

None

$1.4975 - $7.78 for each $100 of assessed value

Local Business Tax

None

up to 1/8 of 1% gross sales

Corporate/Excise

6.5% on net earnings

None

Franchise

0.25% of the greater of net worth or real/tangible property 

None

Personal Income

6% of interest, dividends

None

Initial Corporate Organization Fee

$100 - $600

None

Unemployment Insurance

2.7% first $9,000 per employee for manufacturing sector 

None

     

Tennessee Tax Incentives Fact Sheet