{"data":{"id":"us-tn/tenn.-code-ann.-67-4-2123","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 67-4-2123","heading":"Annual election of minimum tax base pursuant to section 67-4-2108 - Requirements for election","body":"If the application of this part to a tax period results in a lower tax base than the minimum tax base under § 67-4-2108 , as that section existed prior to May 10, 2024, and as it applied to tax periods ending before December 31, 2023, then a taxpayer may annually elect to use the minimum tax base in § 67-4-2108 as it applied to tax periods ending before December 31, 2023; provided, however, the election must result in a higher tax levied for the tax period under § 67-4-2106 , and the taxpayer waives any claim that the minimum tax base under § 67-4-2108 is unconstitutional by failing the internal consistency test.","path":["TN Code","Title 67","Chapter 4"],"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":"c2143a290f0710df906e792018e7cf8d499359148392000623f7b6d75fd6a151","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-67-4-2122","next":"us-tn/tenn.-code-ann.-67-4-213"},"notice":"GroundRules: Original legal text. Not legal advice."}