{"data":{"id":"us-tn/tenn.-code-ann.-67-2-122","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 67-2-122","heading":"Taxes paid on out-of-state shares of Subchapter S corporation","body":"A resident individual who is a shareholder of a Subchapter S corporation that is incorporated and doing business in another state may deduct from the tax otherwise due under this chapter the tax paid to the other state as a result of such income, distributions or dividends; provided, that there exists a tax credit reciprocity agreement between Tennessee and the other state. In no case shall the credit permitted under this section exceed the tax that would be payable to this state.","path":["TN Code","Title 67","Chapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"87c4869ce34f36f48fb6392e7d5667f05c464f96e70cab0e24f71b0774a1aa7b","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-67-2-121","next":"us-tn/tenn.-code-ann.-67-2-123"},"notice":"GroundRules: Original legal text. Not legal advice."}