Tennessee § 67-4-2110 - Apportionment for persons doing business outside state.

§ 67-4-2110. Apportionment for persons doing business outside state.

Any taxpayer having business activities that are taxable both inside and outside the state of Tennessee shall allocate or apportion its net worth as provided in this part. A taxpayer is considered taxable in another state only if the taxpayer is conducting activities in that state that, if conducted in Tennessee, would constitute doing business in Tennessee and would subject the taxpayer to either Tennessee's franchise tax or excise tax. Nonbusiness receipts shall not be included in the numerator or denominator of any apportionment formula. Acts 1999, ch. 406, § 4; 2006, ch. 1019, § 23. Compiler's Notes. Acts 1999, ch. 406, § 19(b) provided that §§ 67-4-2101 — 67-4-2120 shall apply to tax years ending on and after June 30, 1999, for limited liability companies, limited liability partnerships and limited partnerships, in which one or more corporations subject to franchise taxes under prior law directly or indirectly have in the aggregate an eighty percent (80%) or more ownership interest at any time after June 30, 1998; however, §§ 67-4-2101 — 67-4-2120 shall apply to tax years beginning on or after July 1, 1999, for all other taxpayers. Acts 2006, ch. 1019, § 70 provided that § 23 of the act shall apply to tax years beginning on or after January 1, 2006. Textbooks. Tennessee Jurisprudence, 17 Tenn. Juris., Taxation, § 79.