Tennessee Code 67-4-3004 – Tourism development zone business tax
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 67-4-3004
- Business: includes any activity engaged in by any person, or caused to be engaged in by the person, with the object of gain, benefit, or advantage, either direct or indirect. See Tennessee Code 67-4-3002
- Sales: means all gross receipts of the taxpayer not allocated under this part. See Tennessee Code 67-4-2004
- Tourism development zone: means an area described by §. See Tennessee Code 67-4-3002
The tourism development zone business tax is a privilege tax imposed upon persons engaged in various businesses and activities in a portion of a tourism development zone as designated pursuant to § 67-4-3003(a). A dealer may invoice the tax as a separate item and pass it on to the dealer’s customers. If the dealer passes the tax on to the customer, the tax shall be added to the gross receipts and be used in determining the tax base for both the business tax and the sales and use tax.