Tennessee Franchise and Excise Tax Annual Exemption Renewal
Extracted from PDF file 2017-tennessee-form-fae-183.pdf, last modified September 2015
Franchise and Excise Tax Annual Exemption RenewalTENNESSEE DEPARTMENT OF REVENUE FRANCHISE AND EXCISE TAX ANNUAL EXEMPTION RENEWAL Beginning: FAE 183 Exemption Period ACCOUNT NUMBER Ending: RV-R0012201 INTERNET (8-15) FEIN: DUE DATE: Send this renewal to: Name: _________________________________________________________ Address: _______________________________________________________ City: ________________________________ State: _____ Zip: __________ Tennessee Department of Revenue Andrew Jackson State Office Bldg. 500 Deaderick Street Nashville, TN 37242 Should you need assistance, please contact the Taxpayer Services Division by calling our statewide number at 1-800-342-1003 or (615) 253-0600. IMPORTANT If this entity no longer meets the requirements for exemption, a completed franchise and excise tax return (FAE170) must be filed by the 15th day of the 4th month following the close of the taxable period. INSTRUCTIONS 1. Check the box next to the applicable exemption type certifying the limited liability company, limited partnership, limited liability partnership or business trust continues to meet the exemption requirements. 2. Complete the appropriate schedule on page 2 of this form. Attach additional schedule as instructed. 3. Sign and date the form. Family-Owned Non-Corporate Entity - Complete Schedule A on page 2 and a Disclosure of Activity form. Farming/Personal Residence - Complete Schedule B on page 2 and a Disclosure of Activity form. Affordable Housing - Complete Schedule C on page 2 and Certification LP or LLC Providing Affordable Housing. Venture Capital Fund - Complete Schedule D on page 2. Diversified Investment Fund - Complete Schedule E on page 2. Obligated Member Entity - Complete Schedule F on page 2. Asset-Backed Securitization (REMIC/FASIT) - Complete Schedule G on page 2. Security 3rd Party Indebtedness - Complete Schedule H on page 2. Facilities Owned by the Armed Forces - Complete Schedule I on page 2. Qualified Low-Income Community Historic Structure owner or lessee - Complete Schedule J on page 2. Under penalty of perjury, I declare that the above-named entity continues to meet the requirements for exemption under the applicable provisions of Tenn. Code Ann. Section 67-4-2008. FOR OFFICE USE ONLY ( Taxpayer's Signature Title Telephone Date ) RV-R0012201 EXEMPTION PERIOD INTERNET (8-15) TAXPAYER NAME ACCOUNT NO. or FEIN COMPLETE ONLY THE SCHEDULE FOR THE ENTITY’S EXEMPTION TYPE SCHEDULE A - Family-Owned Non-Corporate Entity - Tenn. Code Ann. § 67-4-2008(a)(11) Check all that apply Entity is an LLC, LP, or LLP. At least 95% of the ownership units of the entity are owned by members of the family or the estate or trust of a deceased individual who, while living, was a member of the family. At least 66.67% of the entity’s activity is either 1) the production of passive investment income; or 2) the combination of passive investment income and farming. Completed Disclosure of Activity form is attached. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. SCHEDULE B - Farming/Personal Residence - Tenn. Code Ann. § 67-4-2008(a)(6) Check all that apply Entity is an LLC, LP, or LLP. 1) At least 66.67% of the activity is in farming and 66.67% of assets are used by the owner or the owner’s lessee for farming; or 2) at least 66.67% of the activity is the holding of one or more personal residences where one or more of the members/partners reside. At least 95% of the voting rights, capital interest or profits are owned by natural persons who are relatives or by trusts for their benefit. Completed Disclosure of Activity form is attached. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. SCHEDULE C - Affordable Housing - Tenn. Code Ann. § 67-4-2008(a)(8) Entity is an LLC or LP. Entity was formed exclusively to provide affordable housing. Entity has received an allocation of low-income housing tax credits pursuant to I.R.C. § 42. Each residential building has an extended low-income housing commitment as defined in I.R.C. § 42(h)(6)(B). Certification of LP or LLC Providing Affordable Housing is attached. Form can be found at http://tn.gov/revenue/notices/fae/certificationf&e.pdf ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. Check all that apply SCHEDULE D - Venture Capital Fund - Tenn. Code Ann. § 67-4-2008(a)(5) Check all that apply Entity is an LLC, LP, LLP, or business trust. Entity is operated for the exclusive purpose of buying, holding and/or selling securities and more than 50% of securities are in non-publicly traded companies. Entity buys, sells, and/or holds securities on its own behalf and not as a broker. More than 50% of capital is from investments neither related to nor affiliated with the fund. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. SCHEDULE E - Diversified Investment Fund - Tenn. Code Ann. § 67-4-2008(a)(12) Check all that apply Entity is an LLC, LP, LLP, or business trust. At least 90% of the cost of total assets consists of qualifying investment securities, bank deposits, and office space and equipment. At least 90% of gross income consists of interest, dividends, and gains from the sale or exchange of qualifying investment securities. Primary purpose of entity is buying, holding, and selling qualified securities on its own behalf and not as a broker. Capital is primarily derived from investments by entities or individuals not affiliated with the fund. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. SCHEDULE F - Obligated Member Entity - Tenn. Code Ann. § 67-4-2008(a)(9) Entity is an LLC, LP, or LLP. All members or partners are fully liable for the debts, obligations, and liabilities of the entity. Required documentation has been filed with the Tennessee Secretary of State. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. Check all that apply SCHEDULE G - Asset-Backed Securitization (REMIC/FASIT) - Tenn. Code Ann. § 67-4-2008(a)(10) Check all that apply Entity is classified as one of the following: 1) a partnership or trust for federal tax purposes; 2) a REMIC; 3) a FASIT; 4) a business trust; 5) a trust that is disregarded for federal tax purposes and whose trustee is domiciled outside Tennessee. The entity’s sole purpose, except for foreclosures, is the asset-backed securitization of debt obligations. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. SCHEDULE H - Security 3rd Party Indebtedness - Tenn. Code Ann. § 67-4-2008(a)(7) Check all that apply LLC, LP, LLP or business trust existing on May 1, 1999. At least 98% owned by corporate members of an affiliated group and was formed exclusively to acquire notes from affiliated group members. Assets serve as security for third-party borrowings or securitized indebtedness acquired by third parties. At least 80% of income from assets is included in the income of a corporation doing business in Tennessee and subject to applicable allocation and apportionment rules. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. SCHEDULE I - Facilities Owned by the Armed Forces - Tenn. Code Ann. § 67-4-2008(a)(16) Check all that apply Entity is owned, in whole or in part, directly by a branch of the armed forces of the United States. Entity derives more than 50% of its gross income from the operation of facilities that are located on property owned or leased by the federal government and operated primarily for the benefit of members of the armed forces of the United States. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT. SCHEDULE J - Qualified Low-Income Community Historic Structure owner or lessee - Tenn. Code Ann. § 67-4-2008(a)(17) Check all that apply Entity owns an interest in or is a lessee of a qualified low-income housing historic structure. Entity has no business operations or assets other than its investment or lease in the qualified low-income community historic structure, business operations incidental to such investment or lease and de minimis other operations and assets. ALL REQUIREMENTS MUST BE MET IN ORDER TO BE EXEMPT.
More about the Tennessee Form FAE-183 Corporate Income Tax
We last updated the Franchise and Excise Tax Annual Exemption Renewal in January 2018, and the latest form we have available is for tax year 2017. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Tennessee Department of Revenue. You can print other Tennessee tax forms here.
Other Tennessee Corporate Income Tax Forms:
|Form Code||Form Name|
|Form FAE-170||Franchise and Excise Tax Return Kit|
|Form BUS415-2||County Business Tax Return - Classification 2|
|Form FAE-183||Franchise and Excise Tax Annual Exemption Renewal|
|Form FAE-173||Application for Extension of Time to File|
|Form BUS416-2||Municipal Business Tax Return - Classification 2|
Tennessee usually releases forms for the current tax year between January and April. We last updated Tennessee Form FAE-183 from the Department of Revenue in January 2018.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Tennessee Form FAE-183
We have a total of four past-year versions of Form FAE-183 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
FAE 183 2015 Renewal Application for F&E Exempt Entities(06-15)
FAE 183 2015 Renewal Application for F&E Exempt Entities(06-15)
Franchise Excise Tax Annual Exemption Renewal
While we do our best to keep our list of Tennessee Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.