The Tennessee Department of Revenue (DOR) issued an updated business tax manual. The manual provides comprehensive guidance on business tax, including filing requirements, classifications, sourcing rules, deductions, exemptions, and industry-specific provisions. The manual also includes increasing the filing threshold from $10,000 to $100,000 in gross sales and changing specific tax rates and distributions per the Tennessee Works Tax Reform Act of 2023. [Tenn. Dep’t of Revenue, Business Tax Manual, 12/01/24]
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