Tennessee Department of Revenue Issues Changes to Professions Subject to Professional Privilege Tax
The Tennessee Department of Revenue recently issued Important Notice #22-13 regarding changes to professions subject to the professional privilege tax.
Beginning June 1, 2023, only the following professions are subject to professional privilege tax:
- Lobbyists
- Agents, broker-dealers and investment advisors registered under Title 48 of the Tennessee Code
- Attorneys
Pursuant to Public Chapter 1083 (2022), physicians and osteopathic physicians licensed or registered under Title 63 are no longer subject to the professional privilege tax. All other professions previously subject to the professional privilege tax remain exempt.
For more information, visit the Tennessee Department of Revenue website.