The Tennessee Department of Revenue announced extended deadlines for filing and paying franchise and excise taxes for taxpayers affected by Hurricane Helene. This follows the IRS's decision to move federal due dates to May 1, for businesses in Federal Emergency Management Agency-designated disaster areas, according to the Tennessee Department of Revenue.
The IRS granted initial extensions to Carter, Cocke, Greene, Hamblen, Hawkins, Johnson, Unicoi, and Washington counties. On November 5, 2024, six more counties—Claiborne, Grainger, Hancock, Jefferson, Sevier, and Sullivan—were added to the list. These extensions give businesses more time to recover from the damage caused by the hurricane, as reported by the Tennessee Department of Revenue.
The state has extended the tax filing deadlines for "all taxpayers located in any disaster area designated by the Federal Emergency Management Agency in Tennessee." Business owners in twelve counties affected by Hurricane Helene now have until May 1 to file and pay their franchise and excise taxes, as stated by the Tennessee Department of Revenue.
