State Of Tennessee Demands Unpaid Taxes From TNA

SEScoops reports that the state of Tennessee has issued a tax lien against TNA Entertainment LLC for unpaid taxes. The Davidson County Register of Deeds confirmed that the lien was filed on September 8. The listing in some databases has the debt at $0 because some public record search companies misread the fact that the Register of Deeds didn’t record the lien amount.

TNA owes so much in taxes to Tennessee that the state can seize TNA property if they don’t pay. TNA is currently operating under the newly-formed Impact Ventures LLC, but Tennessee tax law covers successor companies. If someone buys the company, then Dixie Carter may have to take a lower asking price to pay the lien. If not, the new owners could have the state go after them for the money.

It’s the state’s discretion whether or not it will start taking TNA’s assets. In order to do so, it would have to file a lien against Impact Ventures and whoever might decide to buy TNA. However, they can’t go after a successor company for more than the purchase price.