Tennessee Code 4-39-102 – Major procurement contract to contain provision for payment of sales and use taxes by vendor and subcontractors
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Tennessee Code 4-39-102
- Contract: A legal written agreement that becomes binding when signed.
- State governmental entity: means a state agency, department, board, or commission, or a public corporation or quasi-public instrumentality that performs essential public functions entrusted to it by the state. See Tennessee Code 4-39-101
- Vendor: means a person or entity that provides or proposes to provide goods or services to the state governmental entity pursuant to a major procurement contract, but does not include an employee of the state governmental entity, retailer or a state governmental entity. See Tennessee Code 4-39-101
A state governmental entity shall include in any major procurement contract with a vendor a provision that the vendor and the vendor’s subcontractors, shall remit sales and use taxes on sales of goods or services made by the vendor or the vendor’s subcontractor.