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Tenn. Code Ann. § 67-3-508

Collection administration allowance

Known as the Petroleum Products and Alternative Fuels Tax Law

The act spans §§ 67–67 (164 sections).

Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1608.

To the extent a supplier, a permissive supplier, or a bonded importer timely remits taxes in accordance with this chapter, such person shall be allowed to retain one-tenth of one percent (0.1%) of the taxes imposed by §§ 67-3-201 and 67-3-202 to cover the costs of administration imposed by this chapter, including reporting, audit compliance, dye injection, and shipping paper preparation.

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.