On December 9, 2023, the Tennessee Department of Revenue announces Tennessee sales tax refunds and deadline extensions in an effort to assist companies and households impacted by the severe weather, as reported by ClarsvilleOnline. The initiative’s goal is to provide those affected by the storms with financial support.
Tennessee Sales Tax Refunds of Up To $2500 For December Storm Victims Now Extended by Tennessee Department of Revenue (Photo from The Tennessean)
Tax Deadline Extensions for Businesses
Businesses in designated disaster areas, including Davidson, Dickson, Montgomery, and Sumner Counties, affected by the December 2023 storms, will benefit from extended franchise and excise tax filing deadlines until June 17th, 2024. The department also considers case-by-case extensions for other tax types, with affected taxpayers encouraged to submit requests detailing their losses.
Requests for tax deadline extensions should include essential information such as business name, entity ID or Tennessee account number, business location, and a brief description of the loss. Submissions can be emailed to [email protected].
The department’s commitment to supporting businesses aligns with its history of providing relief in the aftermath of natural disasters, demonstrating a proactive approach to community recovery.
Tennessee Sales Tax Refunds on Essential Items
Residents impacted by the storms may qualify for Tennessee sales tax refunds on home appliances, furniture, and building supplies, provided they are receiving FEMA financial assistance for home repair or construction. The maximum refund per residence is $2,500.
Guidelines for filing a refund claim are outlined on the department’s website, emphasizing eligible items, maximum refund amounts, and the importance of compiling receipts and invoices for a streamlined submission process.
