Tennessee Statutes
§ 67-5-1324 — Situs of intangibles apportioned to state
Tennessee·Title 67
The proportionate share of the value of the intangible property of such companies as do business in this and other states, growing out of the use of their tangible property in this state under their franchises, privileges, and contracts, shall have its situs in this state and in the several counties and municipalities thereof in which they exercise their rights; provided, that property of any such owner located outside of the state which is not directly used in the business to which the property in the state is devoted shall not enter into the value of the property within the state to be assessed.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 67-5-1324 (Situs of intangibles apportioned to state) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1973, ch. 226, § 11; T.C.A., § 67-924.
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