The amount of tax payable to the state is determined by dividing the total number of miles traveled in the state during the quarter or annual reporting period, as the case may be, by the average number of miles of motor vehicle travel per gallon of gasoline or diesel fuel, or the per gallon equivalents of alternative fuels, and multiplying the result by the rates of the tax per gallon as imposed in parts 2 and 11 of this chapter.
Tenn. Code Ann. § 67-3-1204
Amount of tax — Formula
Known as the Petroleum Products and Alternative Fuels Tax Law
The act spans §§ 67-3-1001 to 67-3-912 (164 sections).
Acts 1997, ch. 316, § 1; T.C.A., § 67-3-2304.
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.