TBA Law Blog


Posted by: Stacey Shrader Joslin on May 15, 2024

The claim period for franchise tax property measure refunds opened today, according to the Tennessee Department of Revenue. Taxpayers who paid the franchise tax on the property measure using Schedule G for tax years ending on or after March 31, 2020, for which a return was filed with the department on or after Jan. 1, 2021, are eligible for a refund. To obtain a refund, taxpayers must amend their franchise and excise tax returns for all eligible tax periods and file Schedule G. Both the amended returns and the refund claim form must be submitted by Nov. 30. Learn more in this press release from the department.