The Department of Revenue invites the public to a complimentary webinar set for May 7 at 9 am Central time, aiming to shed light on the topic of schedule G franchise tax refunds and the consequences stemming from the enactment of Tennessee House Bill 1893. This session promises to provide valuable insights as Revenue administrative staff delve into how this legislative change will affect the franchise tax property measure and pave the way for statutory provisions enabling taxpayer refunds.
For those interested in participating in this educational webinar, registration is available online at the Department of Revenue’s website. This initiative is part of a broader effort to educate taxpayers, featuring a series of free webinars on various tax-related topics. Additional information about this and upcoming webinars can be found at the Department of Revenue’s official website.
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The Department of Revenue plays a crucial role in the administration of state tax laws as well as motor vehicle title and registration laws, ensuring the effective collection of taxes and fees associated with these regulations. It is noteworthy that the department is instrumental in collecting approximately 87 percent of Tennessee’s total state revenue. During the fiscal year 2023, the Department of Revenue successfully collected $22 billion in state taxes and fees, in addition to over $4.6 billion in taxes and fees for local governments. For more details on the department’s operations and services, interested parties are encouraged to visit their website.
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