Tennessee Code 67-1-112 – Business tax – Taxes invoiced to customers to be included in tax base
Current as of: 2023 | Check for updates
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Terms Used In Tennessee Code 67-1-112
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The business tax is a privilege tax imposed upon persons engaged in various businesses and activities in the state. If a dealer invoices the business tax as a separate item and passes it on to the dealer’s customers, then the tax shall be added to the gross receipts and be used in determining the tax base for both business tax and sales and use tax purposes.