Tax Rates and Interest Rate
Tax Rates
Alcoholic Beverage Tax: Distilled Spirits - $4.40 per gallon
Alcoholic Beverage Tax: Wine - $1.21 per gallon
Alcoholic Beverage Enforcement: $.15 per case of alcoholic beverage
Filing Frequency
Monthly
Due Date
15th day of the following month
Tax Rate
3% of gross proceeds
Filing Frequency
Quarterly
Due Date
15th day of the following month after quarter
Tax Rate
$12 per bail bond
Filing Frequency
Quarterly
Due Date
25th day of the following month after quarter
Tax Rates
Beer Barrelage Tax: $4.29 per 31 gallon barrel
Beer Wholesale Tax: $35.60 per barrel
Filing Frequency
Monthly
Due Date
20 day of the following month
Tax Rates
The business tax rates vary, depending on your classification and whether you are a retailer or a wholesaler. However, every taxpayer must pay at least a minimum tax of $22.
Filing Frequency
Annual
Due Date
Your business tax return is due on the 15th day of the fourth month following the end of your fiscal year. For example, if your fiscal year coincides with the calendar year, then your return will be due on April 15.
Tax Rates
Level one license - $500 (50 machines or less)
Level two license - $1,000 (51-100 machines)
Level three license - $2,000 (more than 200 machines)
Individual machine license - $10
Filing Frequency
Annual
Due Date
July1 - $10 tax due before machine is put in service and annually thereafter
Tax Rates
Franchise Tax - .25% of the greater net worth or real and tangible property (minimum $100)
Excise Tax - 6.5% of Tennessee taxable income
Filing Frequency
Annual
Due Date
15 day of the 4th month following the close of books and records
Tax Rates
Tax repealed Jan. 1, 2013. Gifts given prior to Jan. 1, 2012 are still subject to the gift tax rates which are graduated from 5.5% to 16%.
Filing Frequency
Annual
Due Date
April 15 of the following year
Tax Rates
Bottlers: 1.9% of gross receipts
Utilities: 3% of the gross receipts from intrastate business. Persons in the business of manufacturing gas, distributing manufactured gas or natural gas pay an amount of 1.5% of the gross receipts.
Vending: Tax on gross receipts from machines product sales - 1.5% for non-tobacco sales; 2.5% for tobacco sales.
Filing Frequency
Bottler: Annual
Utilities: Annual
Vending: Quarterly
Due Date
Bottlers: August 1 each year
Utilities: August 1 each year
Vending: 20th of the month following end of the calendar quarter
Tax Rates
The Hall Income Tax will be eliminated by 2022. The schedule for the phase out is as follows for the tax rate:
*4% of taxable income for tax years beginning January 1, 2017
*3% of taxable income for tax years beginning January 1, 2018
*2% of taxable income for tax years beginning January 1, 2019
*1% of taxable income for tax years beginning January 1, 2020
*Repeal beginning January 1, 2021
Filing Frequency
Annual
Due Date
April 15 of the following year
Tax Rates
Anything over the exemptions are the following rates: $0 to $40,000 - 5.5%; $40,000 to $240,000 - 6.5%; $240,000 to $440,000 - 7.5%; $440,000 and over - 9.5%
Exemptions |
|
Date of Death | Amount |
2006 - 2012 | $1,000,000 |
2013 | $1,250,000 |
2014 | $2,000,000 |
2015 | $5,000,000 |
2016 and after | no tax |
Filing Frequency
Upon death of decedent
Due Date
Nine months after death; one year extension available
The interest rate effective July 1, 2022, through June 30, 2023, is 8%. The interest rate for installment payment agreements is 11%.
The interest rates effective for July 1, 2021 through June 30, 2022, are 7.25% and 9.25%, respectively.
Tax Rates
15% of gross receipts
Filing Frequency
Monthly
Due Date
15th day of the following month
Tax Rates
Tax on certain court cases, including fines and fees
Filing Frequency
Monthly
Due Date
15th day of the following month
Tax Rates
Tax charged on marriage licenses - generally $15 plus $60 additional fee
Filing Frequency
Monthly
Due Date
15th day of the following month
Tax Rates
15% of gross receipts
Filing Frequency
Monthly
Due Date
20th day of the following month
Tax Rates
Special Tax: $0.01 per gallon
Environmental Assurance Fee: $0.004 per gallon
Gas Tax:
The state’s tax on gasoline will increase by six cents over the next three years.
*From $0.20 to $0.24 from July 1, 2017 to June 30, 2018
*From $0.24 to $0.25 from July 1, 2018 to June 30, 2019
*From $0.25 to $0.26 from July 1, 2019 and after
Diesel Tax:
The state’s tax on diesel fuel will increase by 10 cents over the next three years.
*From $0.17 to $0.21 from July 1, 2017 to June 30, 2018
*From $0.21 to $0.24 from July 1, 2018 to June 30, 2019
*From $0.24 to $0.27 from July 1, 2019 and after
Compressed Natural Gas and Liquified Gas:
Compressed natural gas tax will increase by eight cents over the next three years.
*From $0.13 to $0.16 from July 1, 2017 to June 30, 2018
*From $0.16 to $0.18 from July 1, 2018 to June 30, 2019
*From $0.18 to $0.21 from July 1, 2019 and after
Liquified gas tax will increase by eight cents over the next three years.
*From $0.14 to $0.17 from July 1, 2017 to June 30, 2018
*From $0.17 to $0.19 from July 1, 2018 to June 30, 2019
*From $0.19 to $0.22 from July 1, 2019 and after
Export Tax: 1/20th of $0.01 per gallon (if the $0.01 special tax has been paid, then 1/19th of the $0.01 per gallon of the special privilege tax may be credited on a monthly return or alternatively, refunded)
Filing Frequency
Special Tax: Monthly
Environmental Assurance Fee: Monthly
Gasoline Tax: Monthly
Diesel Tax: Monthly
Liquified Gas Tax: Annual
Compressed Natural Gas Tax: Monthly
Export Tax: Monthly
Due Date
Special Tax: 20th day of the following month
Environmental Assurance Fee: 20th day of the following month
Gasoline Tax: 20th day of the following month
Diesel Tax: 20th day of the following month
Liquified Gas Tax: July 25
Compressed Natural Gas Tax: 25th day of the following month
Export Tax: 20th day of the following month
Tax Rates
Oil: Motor oil - $0.02 per quart
Tire: $1.35 tax on each qualified new tire
Filing Frequency
Oil: Quarterly
Tire: Quarterly
Due Date
Oil: 25th day of the following month
Tire: 25th day of the following month
Tax Rates
$400
Filing Frequency
Annual
Due Date
June 1 - tax is paid in advance
Tax Rates
Realty Transfer Tax: $0.37 per $100 of purchase price
Mortgage Tax: $0.115 per $100 of mortgage principal, first $2,000 exempt
Filing Frequency
Monthly
Due Date
15th day of the following month
Tax Rates
State tax - The general sales tax rate for most tangible personal property and taxable services is 7%. The sales tax rate on food is 4%. A few products and services such as aviation fuel or telecommunication services have different tax rates.
State single article - 2.75% on any single item sold in excess of $1,600 but not more than $3,200.
Use tax rate - same as sales tax rate.
Local tax - see local tax chart
Filing Frequency
Monthly, Quarterly or Annual
Due Dates
Sales Tax due dates depend on how frequently you file your return:
- Monthly - 20th day of the month following the end of the reporting period
- Quarterly - 20th of the month following the end of the quarter (January 20, April 20, July 20, October 20)
- Annual - January 20
Tax Rates
Coal: $1 per ton severed
Crude Oil: 3% of sales price
Minerals: up to $0.15 per ton, rate set by county legislative body
Natural Gas: 3% of sales price
Filing Frequency
Coal: Monthly
Crude Oil: Monthly
Minerals: Monthly
Natural Gas: Monthly
Due Date
Coal: 15th day of the following month
Crude Oil: 20th day of the following month
Minerals: 15th day of the following month
Natural Gas: 20thd day of the second month
Tax Rates
Cable and Wireless Cable:
- $0.00-$15
- State tax: Exempt
- Local tax: $0
- $15.01-$27.50
- State tax: 8.25%
- Local tax: $0
- $27.51 and up
- State tax: 7%
- Local tax: use applicable local rates
- State tax: 7%
- DBS
- State tax: 8.25%
- Local tax: $0
Interstate Telecommunications:
- Interstate sold to business:
- State tax: 7.5%
- Local tax: $0
- Interstate sold to residence:
- State tax: 7%
- Local tax: 1.5%
Intrastate Telecommunications:
- Intrastate sold to business:
- State tax: 7%
- Local tax: 2.5%
- Intrastate sold to residence:
- State tax: 7%
- Local tax: 2.5%
Filing Frequency
Monthly, Quarterly and Annual
Due Date
20th day of the following month
Tax Rates
Cigarette Tax: $.031 per cigarette ($0.62 per pack of 20)
Other tobacco products: 6.6% of the wholesale cost
Filing Frequency
Quarterly
Due Date
15th day of the following month
Tax Rates
As prescribed by law
Filing Frequency
As identified by law enforcement
Due Date
As encountered