Tenn. Code Ann. § 56-4-217

Credit against franchise and excise taxes

Known as the Tennessee Insurance Law

The act spans §§ 56–56 (1,220 sections).

Applied in 2 court decisions — leading case Saturn Corp. v. Johnson (2006)

Most recently applied in Saturn Corp. v. Johnson (January 2007)

Acts 1945, ch. 3, § 4; 1947, ch. 201, § 1; mod

(1) The amount of the premium taxes collected under §§ 56-4-201 — 56-4-214 shall be a single credit against the sum total of the taxes imposed by the Franchise Tax Law, compiled in title 67, chapter 4, part 21, and by the Excise Tax Law, compiled in title 67, chapter 4, part 20.

(2) For tax years beginning on or after December 15, 2002, the excise tax imposed by title 67, chapter 4, part 20, and the franchise tax imposed by title 67, chapter 4, part 21, shall no longer be applicable to insurance companies, as defined in § 56-1-102.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.