§ 60-1-301. Severance Tax Levied — Exceptions — Disposition of Revenues — Moratorium on Taxes
There is levied a severance tax on all gas and oil removed from the ground in Tennessee. The measure of the tax for such gas and oil shall be three percent (3%) of the sale price of such gas and oil. Every person actually engaged in severing oil or gas, or actually operating oil or […]
§ 60-1-302. Reports and Payment of Tax
The severance tax imposed in this part shall be payable as follows: On or before the twentieth day of each month the person liable for the tax shall file with the commissioner of revenue, on forms prescribed by the commissioner, a report of all oil removed from the ground during the preceding month, and shall […]