Counties and municipalities are each permitted to collect a tax on the privilege
of conducting a business. In addition to State law, the Commissioner of Revenue
is authorized under certain conditions to establish rules and regulations with regard
to the procedures to be followed for the collection of this tax.
Under the Tennessee Business Tax Act most businesses, vocations, and occupations
operating within Hamilton County are required to obtain a business license and report
their gross receipts to the TN Dept of Revenue on a yearly basis.
When a business opens: License must be obtained from the County
Clerk within 20 days after commencement of business. Applications are also available
at the County Clerk's office or via our
Anyone purchasing an existing business should be certain final returns have been
filed by the previous owner, or the new owner can be held liable for any tax due.
When a business closes:
1) A final Business Tax Return must be filed
with the Department of Revenue
within 15 days of closing.
2) The Hamilton County Assessor’s Personal Property department
must be contacted at 423-209-7323 to close your account. Failing to close your account
will result in future forced assessments.
3) The Hamilton County Trustee’s office
must be contacted at 423-209-7270 to determine if any personalty tax is owed.
An applicant for a business license must remit $15 with completed application.
A tax year is not necessarily based on the calendar year. Tax rates vary from 1/8
of 1% to 1/60 of 1% based on the classification established by State law.
EXEMPT BUSINESSES - Businesses that gross less than $3,000 a year
are exempt. Also the following businesses are exempt regardless of their gross:
manufacturers, doctors, dentists, veterinarians, attorneys, accountants, schools,
religious organizations, insurance agents, loan companies, security exchanges, or