Under TCA 67-4-1709, the professional privilege tax is due June 1 each year for individuals actively licensed or registered to practice in Tennessee for the following professions:
Attorney
Agent(Securities)
Broker-Dealer
Investment Adviser
Lobbyist
For those so licensed, Tennessee Tech University will remit this for you. The amount of tax will be included as additional compensation on each affected employee’s W-2. If you are registered or licensed to practice in more than one of the following professions, you are only required to pay the $400 tax once per year.
Please provide the names and professions of anyone in your area of responsibility to me at dagee@tntech.edu or Jenni Roberts at jaroberts@tntech.edu at your earliest convenience, but not later than May 17, 2024. I will compile a master list to transmit to the State.