Relief for Tennessee Business Owners

Share:

Attention business owners: Please do not to ignore the letters from the Department of Revenue – Here’s why:

The State of Tennessee will begin to pay businesses relief payments.  It is not a loan and doesn’t need to be repaid.  The amount each business will receive is based on their annual gross sales.  During the last week in June the State will send businesses who are eligible (see below) a notification of their eligibility.  Business owners will be asked to either fill out the certification online or in paper.  It’s critical that business owners fill out the certification or they will be excluded from the relief payments.

Here is an article from TN.gov:https://www.tn.gov/content/tn/revenue/tennessee-business-relief-program.html

The following types of small businesses are eligible:
  • Barber shops
  • Museums, zoos, and other similar attractions
  • Beauty shops
  • Amusement parks
  • Nail salons
  • Bowling centers and arcades
  • Tattoo parlors, spas, and other close contact personal care services
  • Marinas
  • Gyms and fitness centers
  • Amusement, sports and recreational industries
  • Restaurants
  • Promoters of performing arts, sports, and similar events
  • Bars
  • Agents and managers of artists, athletes, and entertainers
  • Hotels and other travel accommodations
  • Independent artists, writers, and performers
  • Theaters, auditoriums, performing arts centers and similar facilities
In addition, the following small businesses are eligible if their sales were reduced by at least 25%, as shown on their April sales tax returns (filed in May):
  • Furniture stores
  • Book stores
  • Home furnishing stores
  • Department stores
  • Clothing stores
  • Office supply, stationery and gift stores
  •  Shoe stores
  • Used merchandise stores
  •  Jewelry, luggage, and leather goods stores
  • Other miscellaneous stores
  • Sporting goods, hobby, and musical instrument stores
All eligible businesses must have gross sales of $10 million or less.