Tenn. Comp. R. & Regs. 1320-04-05-.03

Current through December 18, 2024

Section 1320-04-05-.03 - BUSINESS TAX-NATURE AND APPLICATION

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 his customer, 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.

Tenn. Comp. R. & Regs. 1320-04-05-.03

Original rule certified June 7, 1974. Amendment filed April 28, 1987; effective July 29, 1987.

Authority: T.C.A. §§ 67-1-102, 67-4-702, 67-4-703, 67-4-704 and 67-4-705.