Tennessee HB2363 amends the privilege tax for licensed professionals, setting rates and due dates.
Tennessee HB2363 modifies the taxation of licensed professionals by setting the annual privilege tax at $400 for certain professions and $200 for others. It specifies that the tax is due by June 1 each year, with late payments considered delinquent. The bill also allows professionals licensed in two or more taxed professions to pay a single tax, either $400 or $200, depending on the professions involved. The changes take effect after May 31, 2027.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.