§ 67-8-109. Records and Forms. [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]
The commissioner is empowered to prescribe such forms as may be necessary under this part and shall keep such records as are indicated by good accounting practice. The commissioner may by general regulations prescribe how much and what portion of the commissioner’s records shall be open to the inspection of the public and how much […]
§ 67-8-110. Returns. [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]
The tax imposed under this part shall be paid by the donor. Any person who, during any calendar year, makes any transfers by gift, except those that under § 67-8-104 are exempt from tax liability, shall, on or before April 15 following the close of such calendar year, make out and send to the commissioner, […]
§ 67-8-101. Taxable Transfers. [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]
Except as otherwise provided by subdivision (a)(2), a tax is imposed upon the transfer by gift during any calendar year by any person of the following property, or any interest therein: When the transfer is from a resident of this state: Real property situated within this state; Tangible personal property, except such as has an […]
§ 67-8-102. Classification of Donees. [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]
The following named donees shall be included in: Class A: Husband, wife, son, daughter, lineal ancestor, lineal descendant, brother, sister, stepchild, son-in-law or daughter-in-law. If a person has no child or grandchild, a niece or nephew of such person and the issue of such niece or nephew shall be a donee within this class. For […]
§ 67-8-103. Deductible Gifts. [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]
The tax provided for in this part shall be computed upon net gifts made during the calendar year. For the purposes of this part, “net gifts” means the total amount of gifts made during such year, less the value of all property transferred to the United States, the state of Tennessee, or to any political […]
§ 67-7-201. Tax Authorized — Use and Benefit — Allocation
Any county legislative body, by resolution, is authorized to levy a tax on all sand, gravel, sandstone, chert and limestone severed from the ground within its jurisdiction. The tax shall be levied for the use and benefit of the county only, to be allocated and applied to its county road fund, and all revenues collected […]
§ 67-7-202. Definitions — Levy of Tax — Exemptions
“Sand, gravel, sandstone, chert and limestone” means sand, gravel, sandstone, chert and limestone severed from the earth in the process of producing a salable product by whatever means of severance used. It does not include, however, any mineral taxed under § 60-1-301 or part 1 of this chapter; any lime or limestone used for agricultural […]
§ 67-7-203. Rate of Tax — Liability of Owners — Payment of Tax
The rate of the tax shall be set by the county legislative body, but shall not exceed fifteen cents (15¢) per ton on sand, gravel, sandstone, chert or limestone severed from the ground in the county. Every interested owner shall become liable at the time the sand, gravel, sandstone, chert or limestone is severed from […]
§ 67-7-204. Administration and Collection of Tax
Administration and collection of this tax shall be by the department, which has the power to promulgate all rules and regulations necessary and reasonable for the administration of this part.
§ 67-7-205. Returns
For the purpose of ascertaining the amount of tax payable, it is the duty of all operators in the county to transmit to the department on or before the fifteenth day of the month next succeeding the month in which the tax accrues a return upon the forms provided by the department. The return shall […]