Tennessee Code Annotated
Tenn. Code Ann. § 56-4-217 (2026)
Credit against franchise and excise taxes
✓ current as of May 2026
- (a) The amount of the premium taxes collected under §§ 56-4-201 - 56-4-214 shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21, and by the Excise Tax Law, compiled in title 67, chapter 4, part 20.
- (b) For tax years beginning on or after December 15, 2002, the excise tax imposed by title 67, chapter 4, part 20, and the franchise tax imposed by title 67, chapter 4, part 21, shall no longer be applicable to insurance companies, as defined in § 56-1-102.
Acts 1945, ch. 3, § 4; 1947, ch. 201, § 1; mod. C. Supp. 1950, § 1248.44 (Williams, § 1248.172); T.C.A. (orig. ed.), § 56-421; Acts 1997, ch. 508, § 1; 2008, ch. 1106, § 54.
Notes of Decisions
Cited in 3
cases, 2006–2007 · leading case: Saturn Corp. v. Johnson, 197 S.W.3d 273 (Tenn. Ct. App. 2006).
Saturn Corp. v. Johnson, 197 S.W.3d 273 (Tenn. Ct. App. 2006). “Tenn.Code Ann. § 56-4-217(2005 supp.). Saturn claims the credits for tax years 1999 and 2000, urging that, since subsection (a) of the statute allows credit for premium taxes paid by workers’ compensation self-insurers under Tennessee Code Annotated section 56-4-206, the portion…”
Tennessee Farmers Assurance Co. v. Loren L. Chumley, 197 S.W.3d 767 (Tenn. Ct. App. 2006). “The Appellees *772 contended that under the provisions of T.C.A. §§ 56-4-217 (credit against franchise and excise taxes), 67-4-808 (excise tax credit for gross premiums tax), and 67-4-908(a) (franchise tax credit for gross premiums tax) they were entitled to a credit against the…”
Saturn Corp. v. Johnson, 236 S.W.3d 156 (Tenn. Ct. App. 2007). “Prior to 2002, self-insurers were afforded a credit against their franchise and excise tax liability pursuant to Tenn.Code Ann. § 56-4-217 for “premium taxes” collected under Tenn.”
Tenn. Code Ann. § 56-4-217(a): 1 case
Saturn Corp. v. Johnson, 236 S.W.3d 156 (Tenn. Ct. App. 2007). “Prior to 2002, self-insurers were afforded a credit against their franchise and excise tax liability pursuant to Tenn.Code Ann. § 56-4-217 for “premium taxes” collected under Tenn.”
Tenn. Code Ann. § 56-4-217(b): 2 cases
Tennessee Farmers Assurance Co. v. Loren L. Chumley, 197 S.W.3d 767 (Tenn. Ct. App. 2006). “The Appellees *772 contended that under the provisions of T.C.A. §§ 56-4-217 (credit against franchise and excise taxes), 67-4-808 (excise tax credit for gross premiums tax), and 67-4-908(a) (franchise tax credit for gross premiums tax) they were entitled to a credit against the…”
Saturn Corp. v. Johnson, 236 S.W.3d 156 (Tenn. Ct. App. 2007). “Prior to 2002, self-insurers were afforded a credit against their franchise and excise tax liability pursuant to Tenn.Code Ann. § 56-4-217 for “premium taxes” collected under Tenn.”
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