Having allocated to this state its share of the unit or system value in accordance with § 67-5-1322, the comptroller of the treasury shall then determine the assessment and the portion of the property which is distributable and the portion that is localized in accordance with § 67-5-1325.
Tenn. Code Ann. § 67-5-1323
Distribution and apportionment to county, municipality, and taxing district
Applied in 1 court decision — leading case Colonial Pipeline Co. v. Morgan (2008)
Most recently applied in Colonial Pipeline Co. v. Morgan (September 2008)
Acts 1973, ch. 226, § 11; T.C.A., § 67-923; Acts 1995, ch. 305, § 125.
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.