Taxes, Franchise - As enacted, authorizes the commissioner of revenue to issue refunds under certain conditions to taxpayers who properly file a claim for refund for franchise taxes paid; makes related changes. - Amends TCA Title 67, Chapter 1 and Title 67, Chapter 4.

This bill amends Tennessee franchise tax laws to allow the state revenue commissioner to issue refunds to taxpayers who paid taxes based on a specific minimum tax base that is no longer in effect. The legislation requires these taxpayers to file a separate claim within three years of the payment date, and it mandates that refunds include interest calculated at a specific federal rate starting 90 days after the claim is received. Additionally, the bill clarifies that refunds cannot be used to pay attorney fees and establishes a reporting requirement for the department of revenue to track the number and total value of these refund claims annually.