Each joint venture created pursuant to § 65-25-105 or § 65-25-131 in which one (1) or more of the owners of the joint venture is an entity subject to the taxes imposed by title 67, chapter 4, parts 20 and 21 shall itself be subject to and shall pay the taxes required by title 67, chapter 4, parts 20 and 21, or any tax imposed in place thereof.
Tenn. Code Ann. § 65-25-132
Joint ventures subject to excise and franchise taxes
Known as the Rural Electric and Community Services Cooperative Act
The act spans §§ 65-25-101 to 65-25-135 (35 sections).
Acts 1999, ch. 430, § 7; T.C.A. § 65-25-232.
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.