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SEE NEW POST-WAYFAIR GUIDANCE FOR SALES TAX COLLECTION FROM OUT-OF-STATE DEALERS HERE
Sales tax filings for the tax period ending December 31 will be due on Tuesday, January 21, following the Martin Luther King, Jr. holiday.

Gift Tax

Overview

The Tennessee gift tax was repealed effective January 1, 2012. This means that any gift given after that date is not subject to the tax.  However, gift tax is still owed on gifts given prior to January 1, 2012, if the amount of gifts given was more than the allowable exemption for that year.