Anyone ever paid Tennessee Professional Privilege Tax for holding series 7 and 63 license?
I got a mail from Tennessee Department of Revenue last month, asking me to pay a Tennessee Professional Privilege Tax. I looked up online and according to the tn.gov website (https://apps.tn.gov/privtx/), it's an annual tax imposed on persons holding an active Tennessee license or registration to practice certain professions. I have never been to Tennessee, so I guess this must be related to Series 7 & 63 I passed last year. But I asked a few colleagues in my team and none of them have heard about this before. Does anyone ever paid for this tax for holding Series 7 & 63?
Thanks so much!
bump
If you don't do business in TN, I would give their dept of revenue a call and explain. Usually they can correct these things over the phone but it might take a letter or three.
Thank you!
I just got this today - what did you end up doing?
did anyone ever have to pay this tax? I do NO business in TN. I am a 7 and 66 rep in TN.
Your bank might have a team responsible for licensing that handles this. Talk to them first before calling TN.
Hey bumping this, I just got this letter today — anyone have experience with this?
Your company more than likely pays for this - check with them first. Mine did.
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