May 27, 2025
The Tennessee Department of Labor & Workforce Development recently announced that it has fully modernized the state’s unemployment system with the implementation of Unemployment Tax functionality on http://www.jobs4TN.gov.
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May 23, 2025
Effective July 1, 2025, Public Chapter 477 (2025) exempts from liquor-by-the-drink tax the sale of wine for consumption on the premises of a winery, farm wine producer, or satellite facility of a winery or farm wine producer.
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May 23, 2025
Effective July 1, 2025, Public Chapter 517 (2025) makes several changes to Tennessee sales and use tax law by allowing nuclear energy production facilities to qualify for the pollution control credit on certain purchases, deleting the statutory provision stating the enrichment of uranium materials on a cost-plus or “toll enrichment fee” basis is a taxable service, and by exempting qualified purchases of industrial machinery used to enrich, convert, or reconvert uranium.
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May 15, 2025
Many taxpayers have businesses that they own and manage and seek ways to minimize their tax burden by claiming deductions for business use of their homes.
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May 8, 2025
Effective July 1, 2025, Public Chapter 396 (2025) requires every professional bail bondsman licensed to do business in this state to file a quarterly report with the Department of Revenue (the “Department”).
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May 7, 2025
Public Chapter 364 (2025), effective July 1, 2025, subjects the first 30 days of occupancy in a short-term rental unit to the local occupancy tax, regardless of the overall length of stay.
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May 5, 2025
Effective July 1, 2025, vapor products are subject to the tobacco tax at the rate of 10% of the wholesale cost price.
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May 1, 2025
The IRS recently announced that the maximum contribution amounts for health savings accounts (HSAs) and certain related benchmarks will be slightly higher in 2026.
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April 18, 2025
The U.S. Department of the Treasury and the IRS recently announced the intent to remove basis-shifting transaction-of-interest (TOI) regulations.
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April 14, 2025
As a result of the severe storms, straight-line winds, tornadoes, and flooding that began on April 2, 2025, the Federal Emergency Management Agency issued a disaster declaration for the entire state of Tennessee.
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