Free Webinar February 24: FONCE Exemption

NASHVILLE -- The Department of Revenue will host a free webinar on the Family-Owned Non-Corporate Entity (FONCE) exemption for the franchise and excise tax on February 24 at 9 a.m. Central time.

During this webinar, our staff will discuss eligibility criteria, application requirements, and the annual renewal procedure for the FONCE exemption.

The February 24 webinar is part of a free series the department offers to the public. Register for the webinar through our website.

The Department of Revenue is responsible for administering state tax laws and motor vehicle title and registration laws, as well as collecting taxes and fees associated with those laws. The department collects about 87 percent of the total state revenue. During the 2025 fiscal year, it collected $21 billion in state taxes and fees, as well as more than $5 billion in taxes and fees for local governments. To learn more about the department, visit www.tn.gov/revenue.

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