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Tennessee Works Tax Act to Help Small Businesses

Recent legislation in Tennessee will allow over 100,000 small businesses to no longer be required to file a return and pay this tax starting this year.

The Tennessee Works Tax Act eliminated the annual business tax filing obligation for businesses with annual gross sales under $100,000 within a county and/or city. This change applies to tax periods ending on or after December 31, 2023, Tennessee Department of Revenue says.

For more information about this recent change, visit the Department of Revenue’s website or call 615-253-0600.