Tennessee § 56-51-152 Taxes imposed

Tennessee Statutes

§ 56-51-152 — Taxes imposed

Tennessee § 56-51-152

Title56

This text of Tennessee § 56-51-152 (Taxes imposed) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 56-51-152 (2026).

Text

(a)The premiums, contributions and assessments received by prepaid limited health service organizations are subject to the tax imposed by § 56-32-124 ; provided, however, that the premiums, contributions and assessments received by prepaid limited health service organizations pursuant to subcontracts with entities under contract to the Title XIX single state agency for the provision of health care services are exempt from the tax.

(b)The department shall administer this section pursuant to § 56-32-124 .

(c)The amount of taxes collected under this section shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21 and by the Excise Tax Law, compiled in title 67, chapter 4, part 20.

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(a) The premiums, contributions and assessments received by prepaid limited health service organizations are subject to the tax imposed by § 56-32-124 ; provided, however, that the premiums, contributions and assessments received by prepaid limited health service organizations pursuant to subcontracts with entities under contract to the Title XIX single state agency for the provision of health care services are exempt from the tax. (b) The department shall administer this section pursuant to § 56-32-124 . (c) The amount of taxes collected under this section shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21 and by the Excise Tax Law, compiled in title 67, chapter 4, part 20.