Tennessee Department of Revenue Announces Three Upcoming Tax Holidays

Tennesseans can expect to enjoy three tax holidays over the next several months, according to the state’s Department of Revenue (DOR). 

Annually, Tennessee holds a sales tax holiday for the month of July, letting them off the hook for state and local sales taxes, which can be up to 10 percent. 

Read More

Potential Tax Relief Available to Tennesseans Impacted by Recent Storms, Department of Revenue Says

On Thursday in a press release, the Tennessee Department of Revenue reminded Tennessee residents impacted by December’s severe weather that they are potentially eligible for sales tax refunds on home appliances, home furniture, and home building supplies, as they rebuild after storms.

Read More

Tennessee House Passes Bill to Cancel Excise Tax for Certain COVID-19 Relief Payments to Businesses

The Tennessee House passed a bill cancelling the excise tax on certain COVID-19 payments given to businesses. The legislation would cover all payments from March 1 to December 31 of last year. 

If passed, the bill would apply to payments from the Tennessee Business Relief Program, the Tennessee Supplemental Employer Recovery Grant Program, the Coronavirus Agricultural and Forestry Business Fund, the Hospital Staffing Assistance Program, the Emergency Medical Services Ambulance Assistance Program, the Tennessee Small and Rural Hospital Readiness Grants Program, or the federal Child Care and Development Block Grant.

Read More