Tennessee § 67-4-1506 Monthly distribution of collected taxes - Deduction of administrative fee

Tennessee Statutes

§ 67-4-1506 — Monthly distribution of collected taxes - Deduction of administrative fee

Tennessee § 67-4-1506

Title67

This text of Tennessee § 67-4-1506 (Monthly distribution of collected taxes - Deduction of administrative fee) 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. § 67-4-1506 (2026).

Text

The department shall distribute the taxes collected pursuant to this part on a monthly basis to the applicable local governing body in which the short-term rental unit was located and for which the tax was collected. The department may deduct an administration fee of one and one hundred twenty-five thousandths percent (1.125%) of the collected tax to cover its expenses of administering the collection and distribution of the tax.

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The department shall distribute the taxes collected pursuant to this part on a monthly basis to the applicable local governing body in which the short-term rental unit was located and for which the tax was collected. The department may deduct an administration fee of one and one hundred twenty-five thousandths percent (1.125%) of the collected tax to cover its expenses of administering the collection and distribution of the tax.