Tennessee Code Annotated
Tenn. Code Ann. § 67-4-2121 (2026)
Tax imposed on manufacturer
✓ current as of May 2026
- (a) Notwithstanding any provision of this part to the contrary, the tax imposed by this part on any manufacturer shall be levied only on the first two billion dollars ($2,000,000,000) of apportioned net worth.
- (b) For purposes of this section, "manufacturer" means any person whose principal business is fabricating or processing tangible personal property for resale and ultimate use or consumption off the premises of the person engaging in such fabricating or processing.
Amended by 2024 Tenn. Acts, ch. 950,s 16, eff. 5/10/2024.
Acts 2005, ch. 499, § 61.
Notes of Decisions
Cited in 1
case, 2015–2015 · leading case: Cent. Woodwork, Inc. v. Cheyenne Johnson, Shelby Cnty. Assessor of Prop. (Tenn. Ct. App. 2015).
Cent. Woodwork, Inc. v. Cheyenne Johnson, Shelby Cnty. Assessor of Prop. (Tenn. Ct. App. 2015). “These statutory definitions demonstrate the legislature‟s intent to require more than just any act of manufacturing in order to be considered a “manufacturer” for tax purposes. By admission of both parties, only forty-five percent of Central Woodwork‟s sales involve the assembly…”
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