In 2020, dentists are no longer be subject to the $400 annual professional privilege tax.
During the 2019 Legislative Session, the TDA lobbyists and our Government Affairs Committee worked closely with lawmakers, business leaders, and others to promote a tax exemption that would help dental practices. The Tennessee General Assembly passed the major tax cut legislation, eliminating the annual $400 Professional Privilege Tax imposed on licensed dentists and 14 additional professions in Tennessee.
Senate Bill 398, sponsored by Senator Brian Kelsey, R-Germantown, repealed the tax for accountants, architects, sports agents, audiologists, chiropractors, dentists, engineers, landscape architects, optometrists, pharmacists, podiatrists, psychologists, real estate brokers, speech pathologists, and veterinarians.
Remaining in statute and paying the $400 tax are: lobbyists, broker-dealers, investment advisers, physicians and attorneys.
For more information, visit tn.gov/revenue/taxes