Statutes, codes, and regulations
Tennessee Administrative Code
Title 1320 - RevenueSubtitle 1320-04 - Miscellaneous Tax Division
Chapter 1320-04-05 - Business Tax Rules and Regulations
Section 1320-04-05-.15 - DOMINANT BUSINESS ACTIVITY DEFINED FOR CLASSIFICATION PURPOSES

Tenn. Comp. R. & Regs. 1320-04-05-.15

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Current through December 18, 2024
Section 1320-04-05-.15 - DOMINANT BUSINESS ACTIVITY DEFINED FOR CLASSIFICATION PURPOSES

For purposes of business tax, both wholesale and retail businesses are classified according to their dominant business activity. The item comprising the largest proportion of taxable gross sales of the business when compared with other items sold determines its classification. Only one classification (of Classifications 1, 2, 3, or 4) shall apply. The fact that sales may be made at both wholesale and retail shall have no effect in determining the dominant business activity.

Tenn. Comp. R. & Regs. 1320-04-05-.15

Original rule certified June 7, 1974. Amendments filed June 28, 2016; effective 9/26/2016.

Authority: T.C.A. §§ 67-1-102, 67-4-703, and 67-4-708.