(a) The definitions and general provisions in this part apply in all cases, unless otherwise provided in special cases, but the general provisions shall not be deemed to control specific provisions to the contrary in any particular taxing item.

Terms Used In Tennessee Code 67-4-201

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • State: means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States and any foreign country or political subdivision thereof. See Tennessee Code 67-4-2004
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(b) As used in parts 2-6 of this chapter:

(1) “Annual tax,” when referring to a privilege tax, means a privilege tax obtained for or renewed for a period of not more nor less than one (1) year;
(2) “Collector” means every tax officer or employee of the state, county, or city authorized to collect the tax;
(3) “Per annum” designates the amount of the tax to be paid for exercising the privilege for twelve (12) months, and is to be read into every taxing item where the specific context does not indicate the contrary;
(4) “Person” includes every individual, partnership, firm, corporation or any other association of any kind; and
(5) “Taxpayer” includes every individual, partnership, firm, corporation or any other association of any kind.
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