Comments: TN SB0059 | 2015-2016 | 109th General Assembly

Bill Title: As introduced, changes the statutory apportionment formula used to calculate franchise and excise taxes from a three-factor formula to a single-sales-factor formula. - Amends TCA Title 67, Chapter 4.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-04-15 - Assigned to General Subcommittee of Senate Finance, Ways, and Means Committee [SB0059 Detail]

Text: Latest bill text (Draft #1) [PDF]

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