Tennessee Statutes
§ 67-4-902 — Part definitions
Tennessee·Title 67
As used in this part:
(1)"Adjusted revenues" means, for each fantasy sports contest, the amount equal to the total entry fees collected from all participants entering the fantasy sports contest less winnings paid to participants in the contest, multiplied by the resident percentage;
(2)"Commissioner" means the commissioner of revenue;
(3)"Entry fees" has the same meaning as defined in § 4-49-202 ;
(4)"Fantasy sports contest" has the same meaning as defined in § 4-49-202 ;
(5)"Fantasy sports operator" has the same meaning as defined in § 4-49-202 ;
(6)"Player" has the same meaning as defined in § 4-49-202 ;
(7)"Resident percentage" means, for each fantasy sports contest, the percentage, rounded to the nearest tenth of a percent (0.1%), of the total entry fees collected from Tennessee
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Legislative History
Amended by 2023 Tenn. Acts, ch. 143, s 8, eff. 7/1/2023. Added by 2016 Tenn. Acts, ch. 978, s 4, eff. 7/1/2016.
Nearby Sections
15
§ 67-1-1001
Part definitions§ 67-1-1002
Grounds§ 67-1-1004
Ineffective against bona fide purchaser§ 67-1-1005
Duty to back assess or reassess - Citation§ 67-1-1006
Obtaining evidence§ 67-1-1008
Penalty and costs§ 67-1-1011
Records and reports§ 67-1-103
Study of tax laws - Report§ 67-1-104
Tax administration fund